GDP is only positive because of $1.92 Trillion in government spending in the last three months. I guess Yellen doesn’t pay attention to revenue (taxes) and outlays (spending), after all she’s only the Treasury Secretary. A good chunk of that $1.92 Trillion will have to be borrowed at high interest rates at the same time a huge portion of the debt has to be refinanced since it was incurred using short-term treasuries. Of course, that could also be accompanied by digitizing money and increasing inflation. In fact, that may have to happen since no one is interested in buying our debt.
Janet Yellen is a hack and has no idea what she’s doing.
No.GDP increased because USA exported record amounts of energy products. That counts as production. Even oil sold abroad from strategic oil reserve adds to GDP.
And...imports to USA are subtracted from GDP.
We imported lower than usual during last quarter.
That boosted GDP.
I REALITY GDP WAS NEGATIVE!