What’s Important ? What we Make, or What we Sell

A higher than expected GDP number for the fourth QTR today, has the bulls celebrating.  One has to keep in mind that GDP is based on what we Make, not what we Sell.  This is important in this report as inventories grew strongly, adjusting for this makes the GDP number more like 1.8%.

Leave a Reply

Your email address will not be published.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

sixteen − twelve =