The (2nd) Negative GDP Print

Investment Analysis Clubs Macro Economic Trends and Risks
1

Today’s negative GDP print looks a bit worse when you consider that GDP values have been inflated like everything else.

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2

Today’s negative GDP print looks a bit worse when you consider that GDP values have been inflated like everything else.

GDP is adjusted for inflation.

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3

GDP is adjusted for inflation.

GDP is massaged for inflation.

Inflation is massaged with hedonics.

It’s massage all the way down.

The Captain

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