The United States Economy, now with 32.9% Fewer GDP's!

Q2 GDP: US economy contracted by worst-ever 32.9% in Q2.

The US economy contracted at the sharpest rate on record in the second quarter this year, affirming fears that the coronavirus pandemic and measures to contain it drove a historic plunge in consumer and business activity.

Here were the main metrics from the Bureau of Economic Analysis’ (BEA) advance Q2 GDP report, compared to consensus estimates compiled by Bloomberg:

Q2 GDP annualized, quarter over quarter: -32.9% vs. -34.5% expected vs. -5.0% in Q1

Q2 Personal consumption: -34.6% vs. -34.5% expected vs. -6.8% in Q1

Core Personal consumption expenditures, quarter over quarter: -1.1% vs. -0.9% expected vs. 1.7% in Q1

Danke Obama!

Apropos of nothing, Trump is talking about maybe moving the election…

Mar A Lago would be a lovely place for an election.

Or a lengthy home confinement.

Leavenworth would do for that as well.

(eta: or Arlington)

Or Portsmouth, let the Marines torture his fat ass for the duration. “I want you to sand that square of floor with your knees, maggot!”