While the U.S. Bureau of Economic Analysis (BEA) reported a robust 4.3% annual increase in third-quarter real gross domestic product (GDP) on Tuesday, economist David Rosenberg is calling the headline number a “fugazi.” The ‘Fugazi’ Factor The president of Rosenberg Research argues that underlying economic weakness is being masked by government spending and depleted savings, calculating “true” growth at a meager 0.8%. The official BEA release shows widespread gains, with real GDP accelerating fr
Yeah there’s no way 4.3% gdp growth makes sense unless they’re really fudging the numbers with like data center construction or AI “productivity gains” or some shit. There’s just literally no way. Something is being literally triple or quadruple counted here
Yeah there’s no way 4.3% gdp growth makes sense unless they’re really fudging the numbers with like data center construction or AI “productivity gains” or some shit. There’s just literally no way. Something is being literally triple or quadruple counted here
Are you implying that pushing around a trillion dollars in circles isn’t real economic activity?