Defense

Q3 U.S. GDP Growth Set For 30% But No V-Shaped Recovery

September 14, 2020 by Jonathan Custer

· The U.S. economy is set for a sharp rebound in Q3 · The Atlanta Federal Reserve’s GDPNow estimate for Q3 GDP growth is currently running at a stunning 30.7 percent annualized rate (6.9 percent q/q), which is almost 2x the prior highest quarterly GDP print on record, registered in Q1 1950 (Chart 1) · …

COTD: U.S. Weapons Sales Destination

January 22, 2020 by Jonathan Custer

COTD = Chart of the Day U.S. arms sales have grown during the Trump administration. The Defense Security Cooperation Agency said foreign military sales in fiscal 2018 were already 33% higher at $55.7 billion, compared with the previous year. …Most proposed weapons sales were for the Asia-Pacific region with preponderance towards Japan and South Korea–both …