No recession here, as the Fed continues to flood the economy with fresh deficit spending on interest payments 😉

“Real GDP turned up in the third quarter, increasing 2.6 percent after decreasing 0.6 percent in the second quarter. The upturn primarily reflected a smaller decrease in private inventory investment, an acceleration in nonresidential fixed investment, and an upturn in federal government spending that were partly offset by a larger decrease in residential fixed investment and a deceleration in consumer spending. Imports turned down.”

(Doesn’t include interest on reserves paid by the Fed or TIPS accruals)

No recession here either:

Still bumping along historic lows:

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