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
vibes based analysis, drop out imports with maintained consumption (whatever that means) is perfectly good indicator of “le growth”. Now if inventories suddenly runs out and inflation return that would be another matter, but that would influence nominal vs real distinction, not growth.
vibes based analysis, drop out imports with maintained consumption (whatever that means) is perfectly good indicator of “le growth”. Now if inventories suddenly runs out and inflation return that would be another matter, but that would influence nominal vs real distinction, not growth.