Economy surges to start the year as GDP jumps 6.4% in the first quarter
(PUBLISHED THU, APR 29 20218:31 AM EDTUPDATED 6 MIN AGO)
Economic activity boomed to start 2021, as widespread vaccinations and more fuel from government spending helped get the U.S. closer to where it was before the Covid-19 pandemic struck.
Gross domestic product, the sum of all goods and services produced in the U.S. economy, jumped 6.4% for the first three months of the year on an annualized basis. Outside of the reopening-fueled third-quarter surge last year, it was the best period for GDP since the third quarter of 2003.
Economists surveyed by Dow Jones had been looking for a 6.5% increase. Q4 of 2020 accelerated at a 4.3% pace.
The latest numbers reflect an economy that has made major strides since the 2020 lockdown that sent more than 22 million American workers to the unemployment line and saw GDP plunge an unprecedented 31.4% in Q2 of 2020.
That was followed by a rebound of 33.4% in Q3. However, the Bureau of Economic Research still has not declared an end to the recession as GDP in total dollars has not passed its previous peak.
While about 14 million have returned to their jobs since then, the Federal Reserve estimates that some 8.4 million fewer hold jobs now than prior to the pandemic. The unemployment rate has tumbled from its high of 14.7% down to 6%, but that’s still well above the 3.5% in February 2020.
@invest_malaysia , oh yaa, if i am fail investor then u r a loser lol, do u dare to bet with me ??/?? that price will be great, and i am not mention now , now is covid period of course this stock is drop , only if u talk too much like a bull s h it , that what your intention for , if u dont dare bet with me , then get lost
@yoloorlol, of course I know in future going to be good lo lol. Who doesn’t know? If you can buy and what few years sure esrn lo. Everyone knows la. You think only you know?
Waiting for possible 2.6 - 2.7, if more news coming out to spread fear may go all in at 2.4 - 2.5 (not likely as we didn't hit as low as 2.5 during last MCO)
Nevertheless still a good buy if you have already bought some up during the first MCO when it's around 1.9 - 2.2
Will be very good counter for good dividend yield down the line
This is human behaviour. Same thing in topglove. I told them don’t buy in January and February. No one listen and say me got special intention then now suffer huge loss.
Genm here also same hahaha. Covid 3788 cases today. Good luck. Interstate travel going to drag for many more months
What karma? I’m telling the fact. I mentioned if you can hold for few years then okay la. Can earn. In short term or this year it’s not good. I’m telling the fact. You yourself also can know whether I’m telling lies or not.
2 months is full MCO like last year March. But gov already say won’t implement full MCO. So forget about reducing the cases to 2 digits. This is mainly due to the typical Malaysian behaviour.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Maxsuper
1,421 posts
Posted by Maxsuper > 2021-04-29 17:21 | Report Abuse
4 weeks low 2.83.....will prepare sailang if below that...