Friday, August 23, 2013

Federal Reserve

The government doesn't lie about inflation just through CPI. It lies even more through the GDP deflator, which it uses to calculate "real" GDP.
"If you replace the GDP quarterly growth rates using the higher CPI rather the deflator, our current economy would be closer to $13 trillion than 16.6 trillion, about 28% smaller."
That's huge, and it's because of compounding the difference.

People are dumping treasuries and rates are rising. Uh-oh. Includes many markers that a crash is imminent.

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