Breaking News On US Economy -- Surge In Growth -- Area Under The Curve -- WSJ -- October 26, 2023

Locator: 45841ECON. 

Drudge doesn’t often put headlines in RED, but in this case US GDP caught so many folks oft-guard, he put the news in RED. Bidenomics?

The reason for the GPD growth, from The WSJ: "area under the curve." LOL:

 From CNBC: 

Link here.

Earlier, from The WSJ:

For the US:

 Others:

Note: wikipedia's most recent estimate for the US was $26.854 trillion; now two days ago, October 24, 2023, the estimate for US GDP has increased to $26.94 trillion. In percentages, about the same but in raw dollars, not trivial. At least in my mind.

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US Debt vs GDP

With all the economic data coming out today, I was curious to see US debt vs GDP ddat.

From tradingeconomics:

As a percentage, US debt has remained fairly constant in the past two years and actually dropped in 2021 year/year.

I forget, who was president in 2020?

Who was president for the past two years when the ratio initially dropped but has, for the most part, stayed constant?