Using Less Is Not Growth

By |2013-08-06T16:11:05-04:00August 6th, 2013|Markets|

Because of the way GDP is calculated currently, the latest release on the US trade deficit is going to boost GDP slightly for Q2 (and just as likely will get canceled by a downward revision somewhere else). The logic and methodology is sound, but that does not mean it is a perfect measure. The fact that imports declined so much [...]