Manufacturing Is No 12%

By |2015-12-11T17:49:04-05:00December 11th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

One of the problems with GDP as a statistical Swiss-Army knife for economic considerations is its very methodology. This doesn’t mean that there aren’t good and sound reasons for that kind of construction and presentation, only that in making such choices some elements are left out; even important pieces. In this case, I refer to the double counting problem which [...]