Thanks for the stimulus! Or thanks for the Covid virus that enabled The Fed and DC to go crazy with low rates and spending.
While US GDP printed at a revised 6.7% QoQ (annualized), it is the GDP PRICE Index that bears looking at. It rose 6.1%, the fastest rate since 1981.
At least GDP was revised upwards to 6.7% QoQ, thanks to unpredented monetary and fiscal stimulus.
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