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Podcast: The Real Estate Espresso Podcast
Episode: The Economy is Red Hot. Is It Really?
Description: On today’s show we are unpacking the shocking GDP announcement that was published at 8:30 on Wednesday morning July 30. The market expected a 2.3% growth rate and the actual published number blew past the expectation with a 3% annualized growth rate in the second quarter. This is in stark contrast to the negative 0.5% growth rate in the first quarter.So the obvious question is how did the economy swing from economic contraction in the first quarter to 3% growth in the second quarter?On today’s show we are going to look at the underlying components of the GDP...