The Booming US Economy

Been reading about the booming US economy.  The stock market is up and Austin seems to be in a boom, especially when it comes to real estate.  Things are good around here, but I was curious about the rest of the country.  A quick Google took me to the Bureau of Economic Analysis web site which has a nice graph right at the top.  See that boom?  Me neither.  And remember that this is with a trillion dollars deficit, during peacetime.

Gross Domestic Product, Third quarter 2019 (third estimate); Corporate Profits, Third quarter 2019 (revised estimate)

gdp3q19-3rd-chart-01