5 minute US economy snapshot.
At 57.5 in November the manufacturing PMI signaled the strongest growth in some time.
The rating pushed my Econ Trend Indicator to a record high signaling an end to the recession is in sight. Consider a positive GDP within three to four months. Nominal GDP per capita could record large during 2021.
I still favor additional economic stimulus. The US is still within a 'K' styled economy. Some are hurting still. Others are doing very well. The rich and big business are benefiting the most.
Favoring a 2021 GDP above 3.5%. For 2021-24: 4.0% to 5.2%.
The virus is a lingering economic risk; headwind.
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