BREAKDOWN: Mirage Recovery – What ‘Record’ GDP Growth Tells Us About the Economy

The Department of Commerce’s new report shows 33.1% annualized growth in Q3, but does this really tell us much about the state of the economy? 
This episode is sponsored by Crypto.com, Nexo.io and Elliptic.
Today on the Brief:

FTX launches equities trading 

Avanti gets Wyoming bank charter

France locks down and ECB intimates new stimulus

Our main discussion: GDP growth report 
The Department of Commerce released its Q3 GDP numbers. Touted as record growth, this is actually a much more complicated story. In this episode, NLW breaks down what the numbers tell us and what they don’t, and why we should be more focused on understanding long-term consumer behavior shifts than short-term numbers. 

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