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12 Mid-August Economic Nuggets

The U.S. quarter-to-quarter annualized advance in gross domestic product (GDP) in the second quarter of this year was an outsized +4.1%. It was the fastest leap forward since 2014’s third quarter jump of +4.9%. Some of the strength has been attributed to exports that were shipped early to beat target dates for the imposition of tariffs.

Nevertheless, it’s fair to say that America’s economy is presently firing smoother on more cylinders than it has in a long time.

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