Thread by @TheLastRefuge2

1. Here is the important, heck, critical takeaway from the report today:

Reference: scribd.com/document/38483…

2. Along with the first estimate of Quarter 2 GDP Growth at 4.1% (exceptionally strong), the BEA increased the Q1 growth rate to 2.2% (previously 2%).

3. Here's where the jaw starts dropping:

Growth in U.S. exported goods was massive at 13.3% [Table 1, line 17] That is HUGE.

4. Growth in U.S. imported goods was very small at 1.0% [Table 1, Line 20] That is great.

5. The combination of massive increases in exports, and minimal growth in imports, led to a net increase in overall GDP from exports of 1.06%. [Table 2, line 45]

Let that sink in.

6. WE DID NOT DEDUCT from GDP growth due to the net result of imports/exports. We actually exported more goods than we imported.

7. Repeat.... because emphasis is needed: "We actually exported more goods than we imported."

8. Additionally, financial media are trying to downplay the exceptional results by saying business bought material in advance of tariffs. This is FALSE. This is not even remotely true.

9. Net domestic inventories DROPPED by $6 billion. [Page 22, Table 3a, Line 40] There was no inventory buildup. Exactly the opposite is true. Inventories are lower/depleted…. this means future growth is forecast; ie. replenishment needed.

10. Current-dollar GDP increased 7.4 percent, or $361.5 billion, in the second quarter to a level of $20.4 trillion. In the first quarter, current-dollar GDP increased 4.3 percent, or $209.2 billion (table 1 and table 3A).

11. This means our overall U.S. economy is now EXCEEDING $20 TRILLION !!

12. MAGAnomic WINfinity !!!!

/END