to trade and code, keep both simple... no call to impress....h
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US GDP: The descent begins
At the start of the year the US economy was in great shape. The uncertainty from US-China trade tensions was lifted by the deal signed between Presidents Trump and Xi while the lowest unemployment rate for over 50 years looked set to propel consumer spending ahead strongly. In fact, the Atlanta Federal Reserve Bank’s GDPNow model, based on data released for January and February, suggested the US was on course for 4% annualised growth in the first quarter. Instead, today’s GDP report confirms that the mid-March lockdowns that shut businesses and to date have seen 26.5 million Americans lose their jobs, crushed ... (full story)
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- hayseed
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- hayseed
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to trade and code, keep both simple... no call to impress....h
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- OutThere
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