US Economy Social Media and Updates
US Economy Social Media and Updates
Real GDP rose at a 1.4% annual rate in Q4. But the "truth" is better because shutdown-induced real Federal spending cut subtracted 1.15pp. Expect much of that to be added back in Q1. Consumer spending (+2.4%) and business fixed investment (+3.7%) both pretty good.
A strong finish to the year for core PCE inflation. And not "strong" in a good way. Annual growth rates. 1 month: 4.3% 3 months: 3.1% 6 months: 2.9% 12 months: 3.0%
I've been teaching this for decades, and now the data proves it: 90% of government money creation between 2000 and 2024 was cancelled out by secondary bond sales. The system we have actively destroys the money governments create. EconomicReform
