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Fake GDP Booms 33.1% Due To MASSIVE Debt Stimulus as Economic Meltdown Worsens!

2020 WAS JUST A TEST

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The GDP numbers came in and my goodness they were fantastic. I mean, who could deny the best numbers ever in the history of the US? Except there’s just one problem, they’re coming off of the worst numbers in history, the fact that the government expenditures were the most ever in such a short period of time, not to mention the GDP itself is a failed statistic to begin with. Can they pull back all stimulus now that everything is apparently fantastic in the economy?

 

U.S. GDP booms at 33.1% rate in Q3 report, beating expectations

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Record-breaking GDP growth leaves U.S. economy in the same place as the height of the Great Recession

Record-breaking GDP growth leaves U.S. economy in the same place as the height of the Great Recession

The latest Speed Read,/speed-reads,,speed-reads, breaking news, comment, reviews and features from the experts at The Week

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ECB meeting October 2020: Central bank hints at stimulus in December

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Monetary policy decisions

Monetary policy decisions

The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.

Exxon to cut 14,000 global jobs, including 1,900 in U.S., as pandemic hurts demand | Reuters

Exxon to cut 14,000 jobs as pandemic hits oil demand

Exxon Mobil Corp <XOM.N> said on Thursday it could cut its global workforce by about 15%, including deep white-collar staff reductions in the United States, as the COVID-19 pandemic batters energy demand and prices.

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Thousands More Walt Disney World Cast Members Laid Off in Another Wave of Emails – WDW News Today

Thousands More Walt Disney World Cast Members Laid Off in Another Wave of Emails

Amidst the excitement of newly-announced reimagined Walt Disney World entrances, even more devastating news of layoffs continues to surface, with thousands of Cast Members now impacted by yet another wave of layoff emails, part of the already-announced 28,000 Cast Member layoffs affecting domestic D

Walt Disney World Plans to Lay Off 184 Union Carpenters and Mechanics – WDW News Today

Walt Disney World Plans to Lay Off 184 Union Carpenters and Mechanics

News about the massive layoffs coming to Walt Disney World continues to roll in, and this time, it’s hit some of the most important maintenance workers at the resort. Carpenters Local 1820 has announced that Disney plans to lay off 184 of its members across 19 different positions, including m

Charles Schwab to Cut 1,000 Jobs in TD Ameritrade Integration – Bloomberg

https://www.bloomberg.com/news/articles/2020-10-27/charles-schwab-to-cut-1-000-jobs-in-td-ameritrade-integration

Concerned about election unrest, Beverly Hills will close Rodeo Drive – Los Angeles Times

Concerned about election unrest, Beverly Hills will close Rodeo Drive

Rodeo Drive will be closed to cars and pedestrian traffic during election days. Police Chief cites protest potential

Empty Dorms Put Squeeze on Colleges to Bail Out Billions in Debt – Bloomberg

https://www.bloomberg.com/news/articles/2020-10-20/empty-dorms-put-squeeze-on-colleges-to-bail-out-billions-in-debt?sref=RJ2RlMrh


The financial system has seen more economic stimulus which has helped artificially get things moving again. Stocks have been pushed higher in recent months. More money and debt is flowing into equities, stocks right now.


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The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

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