Sharp third-quarter growth will show the economy regaining ground, but it's still in a hole

Third quarter growth is expected to have bounced back at a 32% pace, after the second quarter's deep slump.Economists say the lack of stimulus from Congress means growth could be challenged heading into the end of the year.

"We will have recovered about 2/3 of the GDP we lost in the recession," said Mark Zandi, chief economist at Moody's Analytics. Zandi expects growth of an above consensus 35% for the third quarter. Swonk said a big factor in the third quarter was strong consumption, and consumer spending was directly helped by the enhanced unemployment given to workers until it ran out at the end of July.

At the same time, the failure of Congress and the White House to reach an agreement on stimulus makes it more likely there will be no stimulus aid until next year, depending on the election outcome.

Since fake news not reporting, I will: Trump and Biden both speaking in Florida, 2:48pm, Thursday. Biden yelling in Coconut Creek. His audience is about 14 folks and sitting on their cars. President Trump in Tampa Bay. His audience, the usual 25,000 excited people. Do the math.

Problem: 'Swonk said a big factor in the third quarter was strong consumption, and consumer spending was directly helped by the enhanced unemployment given to workers until it ran out at the end of July.' Consumption is not what drives an economy. This is not recovery.

Stop it there is no third quarter growth in the real America down on the street this is all about corporate profits. If millions of people are doing bad but the rich aren't that doesn't mean the economy's improving. It just means the Rich are getting richer.

i had a third-quarter growth. went to see a doctor.

Ya man we all felt that sharp third quarter growth 🤡 “Never seen any growth like this before “ 🤡

CNBC has perfected the art of saying nothing.

So what will it show when the people that went back to work now have no work because we have NO leadership in trying to control the Virus Its out of control there is no plan and no stimulus!!

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President Trump for 4 more years is what America needs right now!!!

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GE shares jump after company posts surprise adjusted third-quarter profit, revenue tops expectationsHere are GE's results for the third quarter of 2020. If u jump on that GE train; be glad u weren’t one of the long term investors who bought in 24 or higher. Ohiojobswatch Everything comes up roses when you don't pay your taxes and get away with it.
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Azerbaijan accuses Armenia of violating third ceasefireAzerbaijan's defence ministry has said the Armenian army opened fire on Azerbaijani soldiers in a violation of a recently signed US-brokered humanitarian ceasefire. Allahumma Ansarul Mujahideen fi Azerbaijan 🤲🤲🤲 Armenian shelling Azerbaijani city Barda and killed 5 civilians, dozens are wounded OpenYourEyes !!!! cnnbrk CNN CNNPolitics BBCBreaking BBCWorld euronews nytimes guardian UN UNHumanRights OSCE NATO EuropeanCommiss Europarl_EN mfa_russia Plaid_Lavrov
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Deutsche Bank swings back to profit in third quarter, beats expectationsDeutsche Bank on Wednesday reported a net profit of 182 million euros ($214 million) for the third quarter, as Germany's largest lender looks to emerge from the coronavirus crisis. wow Even from forgiving hundreds of loan to Trump?
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