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Sorry MAGA, the GDP Report Doesn't Bode Well
Episode 405
Published 1 year ago
Description
Bob analyzes the GDP report for Trump's 1st quarter, which was characterized by a surge in imports and private inventories, and a drop in government spending. Although the conventional discussion of these topics is confused, the fall in real GDP does indeed signify a weak economy.
Mentioned in the Episode and Other Links of Interest:
- The BEA GDP report.
- Peter St. Onge's rosy analysis.
- Bob's article (from 2010) about quirks in the standard approach to inventory in GDP.
- The link for Monetary-Metals.com.
- Help support the Bob Murphy Show.