while “Real” GDP is not sustainable as deficit across $3 Trillion this year. lex Joosten @joosteninvestor
🇺🇸 US Real Gross Domestic Income -0.1% YoY.
In #recession territory with a perfect track record!
H/t: @GameofTrades_
Doggy Dog @DoggyDog1208
My point exactly.
Since 2000, US real GDP increased +60% with industrial output flat. All growth from services — healthcare, rent, education etc — which more than doubled.
Has healthcare, housing and education gotten twice as good since 2000?
The Kobeissi Letter @KobeissiLetter
Deficit spending is on track to hit nearly 28% of GDP by 2050.
Meanwhile, Federal revenue will be just ~19% as US debt levels are skyrocketing.
At the current pace, the US deficit for this fiscal year will cross $3 trillion, nearly double the $1.6 trillion deficit that Congress
Poster Comment:
The Gross Domestic Income is the total income received by all sectors of an economy within a state. It includes the sum of all wages, profits, and taxes, minus subsidies. We must have lots of subsidies. And the Real GDI factors out inflation so prices might be higher. Probably worse if we look at Shadow Stats.