The GDP is a whopping number. I hope Joe and Kamala are ready with a rapid response.

[Boogiemack]

It's huge but it follows a whopping drop last time. Most people won't understand this unless it is explained to them. It will not even get us back to the baseline where we were. COVID still looms large and Europe and elsewhere are shutting down again. Our GDP depends a lot on what the rest of the world is doing and what we do with COVID. People are still being evicted, people are still having utilities turned off. You know what Trump is saying about the economy is not exactly true. He is stiffing us just like he stiffed the folks standing out in the cold in Nebraska.

[chuckperth]

1. Response

I think we will be seeing the resoonse shortly.... tapes are coming by this afternoon.

[Clearly fogged in]

2. Are rent and mortgages included in GDP?

I can understand people reallocating what monies they have into purchases. Earlier in this pandemic, around the time of the $1200 stimulus checks, I watched shoppers load televisions and other high dollar items into their carts. If they were using the stimulus money it would be one thing, but it seemed more like many saw an opportunity to get things previously outside their budgets. It would be helpful to know if, and by what amount, credit card debt increased before determining if the increase in GDP is reflecting an unsustainable bubble or not.