According to GDP, the US economy is resilient, really hanging in despite a tough global environment. On the other hand, GDP's twin indicates something very different.
According to GDP, the US economy is resilient, really hanging in despite a tough global environment. On the other hand, GDP's twin indicates something very different. Spoiler: the very same as what has kept interest rates incredibly consistent for almost a year despite everything thrown at them. Worse, history has shown the other number is the superior cyclical indicator, not GDP.
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