The ONLY reason why the “official” GDP isn’t negative is all of the deficit spending. GDP is actually negative if you take away the monitization that is going on right now by the Fed.
“The ONLY reason why the “official” GDP isn’t negative is all of the deficit spending. GDP is actually negative if you take away the monitization that is going on right now by the Fed.”
Yep. Interesting that the GDP doesn’t have to subtract out debt spending and money printing. If our GDP is about $15 trillion (and I have serious doubt it is half that number) and the fed is spending $1 trillion each year on the markets, then we have 6.6% reduction in the GDP numbers, putting GDP negative by about 3%.