76 U.S. GDP for this quarter is NEGATIVE 1.4%. Hello stagflation. Biden has managed to be worse than the Carter Presidency. (www.zerohedge.com) posted 2 years ago by onetruephilosoraptor 2 years ago by onetruephilosoraptor +76 / -0 39 comments share 39 comments share save hide report block hide replies
Well, yeah, but sometimes you need a git in your corner.
My wider point was that all of the methods of measuring the economy have some deficiencies. GDP is simply the one that has the most people comfortable with it's deficiencies.
Most people are comfortable with GDP because they've been told GDP is important. People like lines that go up.