Commentary
The U.S. economy peaked in late 2019 at $21 trillion. We are now remarkably 98 percent back to where we were before the terrible COVID-19 pandemic slammed these shores 14 months ago. This rebound is one of the outstanding U.S. achievements in history. Since June of last year, the economy has rocketed by 34 percent in quarter 3 of 2020, 4.2 percent in quarter 4 of 2020 and now 6.4 percent in the first three months of 2021. So far in this current quarter, growth is more than 10 percent.
