The only economic formula that actually works. It’s too bad it was ignored by the post-covid economists that taught it to us.
Reposted from
George Pearkes
First what is GDP? It adds spending up in the following formula
C + I + G + (X - M) = Y
where
C = consumption
I = investment
G = government
X = exports
M = imports
Y = GDP
Because imports surged in January, tracking for M explodes higher...mechanically lowering Y.
C + I + G + (X - M) = Y
where
C = consumption
I = investment
G = government
X = exports
M = imports
Y = GDP
Because imports surged in January, tracking for M explodes higher...mechanically lowering Y.
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