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smoke and mirrors !!

Posted by Floridagold @ 11:00 on April 28, 2019  

“Surprising real GDP growth rate of 3.18% is a contrived illusion. – BEA used a unique inflation deflator of 0.64%!   More commonly used deflator BLS CPI-U inflation rate 2.27%.  If BLS deflator used, GDP growth rate 1.56% (Half BEA #).   Setting aside trade and inventory build (goods produced but not bought), BEA says growth rate of real final sales of domestic products was 2.53%, but if BLS CPI-U deflator used real final sales was 1.0%.  “Goldilocks” moment was achieved through growing inventories, increased governmental outlays, crashing import values and materially understated inflation.”

Harald Malmgren

https://jessescrossroadscafe.blogspot.com/

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.