CNA and their POFMA worthy headlines and 'breaking news'.

[bic_cherry]

CNA and their POFMA worthy headlines and 'breaking news'.

Instead of "US economy grew by record annual rate of 33.1% in Q3"
They should have reported as "US economy grew by impressive 33.1% of the usual annual rate in Q3"

Also, 25% of the annual rate is the usual quarterly GDP growth contribution for 4 months of a year. Also, whilst 33.1% compared to 25% probably amounts to an annual GDP growth of 8.1%*4=32.4% growth if sustained, which is way beyond imagination.

No country now days has such growth, not even China or an Korea.

Trump has really turned himself into an untrustworthy joke.

Maybe CNA has been infected by Trumpetism and is just echoing Trump's exploits.

Just makes CNA garbage or easily gullible, impressioned/influenced, the way they report news.



https://www.marketplace.org/2020/10...o-grow-at-record-33-annual-rate-last-quarter/

 

[laksaboy]

It's a quarter-on-quarter growth, and the previous quarter was decimated due to lockdowns etc, so the rebound after opening up is not a surprise. Whether it gets sustained in future quarters, or if any wildcard events come into the picture, remains to be seen.

You should put aside your Trump Derangement Syndrome and look at the facts.

 

[SalahParking]

pofma? nothing wrong with the numbers. its annualised rate

 

[eatshitndie]

comparing to last pandamic lockdown quarter, of course, it should be this high. i was sexpecting closer to 36.9%.