Ep. 95: The Best Way To Grow $10 Billion in a Quarter Is To Start With $50 Billion

Yeah, so Fed held rates steady for the fifth consecutive time, although definitely leaning more towards a hike than a cut.

And then we got GDP readings, Q2 GDP for the U.S., you know, accelerating on an annualized basis from last quarter.

Import growth weighing on the headline rates, but personal consumption was strong with spending on vehicles, on services.

Still no real evidence of a slowdown.

And in the eurozone, a slower headline rate, but a similar dynamic up from last quarter and pretty good consumer spend.

And again, we keep making

the point that, yes, we've been negative about economic activity and concerned about stagflationary conditions.

But it's still the case that business conditions could have been even better.

That's the crazy thing.

So here we are.

And, you know, there's all sorts of extra risks that shouldn't be in place.

So we don't really change our views in that sense.

But things are unquestionably solid, economically speaking.

Sorry, solid's the wrong word.

Strong is a solid.

Strong and

not solid.

And we're starting to see now with earnings how that economic growth is still translating into ad revenue growth.