Quote:
Originally Posted by Amaznjohn
GDP. At least it was up until the 3rd quarter. which I don't think have been released yet.
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I don't think GDP is an accurate measure by itself given the nature of its calculation. The GDP would have been in a negative rate for a period if time had it not been for the stimulus checks. GDP also places equal value on you spending $500 to get your car fixed as it does GE selling a $500 washing machine to a store in Canada.
Since 1995 we have become a net importer.. we've also plunged head first into consumer debt. These past 8 years we have seen the trade deficit surge, spending surge, and taxes plummet.
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