- But recall that GDP is made up of 4 spending categories: personal consumption, government consumption, investment, and net exports.
- It turns out the government portion is growing like gangbusters.
- That’s the opposite of what we want to see because government purchases don’t increase a nation’s wealth or increase the standard of living...
Monday, July 01, 2024
GDP=Grossly Distorted Picture - FX Hedge Newsletter
An honest review of the latest GDP print and where the next is headed
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