The Recovery Has Reversed: What Goldman's Real-Time Indicators Reveal About The State Of The US Economy | WHAT REALLY HAPPENED

The Recovery Has Reversed: What Goldman's Real-Time Indicators Reveal About The State Of The US Economy

In its latest weekly activity update, Goldman - which on Friday saw tentative signs on hope in the spread of the covid pandemic finding "downward pressure on case growth" - looked at real-time economy indicator focusing on consumer and export activity, the labor market and inflation, and found that while the overall state of the economy is far stronger than where it was in March, the upward momentum has reversed and worse, signs of permanent scarring are beginning to emerge.

Webmaster's Commentary: 

This is "double plus ungood" for the US economy, and may swing November's election in Biden's favor.

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