Free Republic

Inflation fell again in June according to a Bureau of Labor Statistics’ report on July 12. That’s good news but more important for the country’s future is the Bureau of Economic Analysis release on June 29 of its monthly report on the Gross Domestic Product. Two data series in that report, both dealing with investment, should be getting more attention as inflation recedes because investment driven growth is what the country needs. The two BEA data series covering investment are 1) Gross Private Domestic Investment and 2) Government Gross Investment by the Federal, State, and local governments. They tell us...