Gross Domestic Income (GDI) increased 11.8% annualized in Q2, or 240 basis points faster than GDP. Adjusted for inflation, GDI rose 1.4% in Q2 versus a .6% decline in real GDP.
The statistical discrepancy (or the nominal dollar difference between the GDI and GDP) was nearly $1 trillion in Q2, a record gap. There is no recession, but there is a marked deterioration in the quality and accuracy of the product data.
The second Trump administration has bold fiscal plans, yet it confronts a US deficit and debt situation that raises questions about its...
The DOGE team turned down the budget proposal, heightening the chances of a government shutdown. Budget reconciliation is crucial because...
Over the past several decades, the methods of measuring inflation has changed significantly, frequently shaped by political influences...
Comments