GDP, the Real Measure

Gross Domestic Production numbers will be released this week.  They will probably be reduced from the previous 1.8 % , possibly down to a sub 1.0 number of 0.8 %.  It is an indication that what you see in the stock indexes is nothing other than a reflection of how much of domestic production is pulled out of the economy and sent to top 10 % who own most of the stock.  The President of Caterpillar said it well recently, there is no such thing as too much profit for a corporation.  This is from a company that started the movement to reducing worker compensation.

Leave a Reply

Your email address will not be published. Required fields are marked *

13 − 12 =