Monday, May 24, 2021

In the #News #Economy

“If you don't read the newspaper, you're uninformed. If you read the newspaper, you're mis-informed.”

“Whenever you find yourself on the side of the majority, it is time to reform (or pause and reflect).”

― Mark Twain

Subscriber Comments

Politicians and MSM tell us the economy is recovering. Doubt many believe them. Yet when you factor out the effects of inflation, the economy is contracting. The real GDP Growth to GDP Deflator Growth ratio tells us standard of livings are declining again. If this is all part of Build Back Better, the next election cycle will be interesting.

Real GDPG Ratio: Real GDP Growth/GDP Deflator Growth

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