Government consumption has driven recent US economic growth while private sector demand has softened.

“what that means is that private industry has been standing on the sidelines somewhat and that actually maps to a lot of this intuition that I've had over the last few months when I've said I think we're in a low-key recession”

The current positive GDP report is unlikely to influence the election because voter perception of the economy is already set.

“I think that for Harris and the election it's probably a little too late for this GDP report to be helpful”

The United States is experiencing a robust economic period driven by pro-growth policies such as lower taxes and deregulation that are effectively attracting significant capital investment.

“if you're in a country that's attracting the kind of capital that Donald Trump is attracting back into the ca into the country and you're, you know, lowering taxes and you're lowering regulations and you're making it easier for companies to develop the resources in the country and so on, that is a r”