TheLastRefuge
(1) Remember me asking why the Port of Los Angeles was not updating their December CARGO results?
Remember me asking about why this unusual delay?
(2) The BEA released their fourth quarter GDP data today.
bea.gov/news/2022/gros…
(3) A few hours later, again today, the Port of Los Angeles finally released their December totals.
portoflosangeles.org/business/stati…
(4) You know why that matters?
Because imports are deductions to the GDP equation.
By holding back the Dec port data, the import number to the BEA equation couldn’t be deducted. The GDP data is manipulated (inflated) by not deducting the value of the December imports.
Read more......
https://threadreaderapp.com/thread/1486783226232381442.html
https://twitter.com/TheLastRefuge2/status/1486783226232381442
This is a GREAT article, on the GDP numbers, etc., by sundance at CTH, btw.
GDP numbers aren’t good....supplies ARE JUST MORE EXPENSIVE!!
Supply chain strains aren’t getting better....folks have just stopped buying certain things because of Brandonflation.
🙃
They all work together.