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The GDP report is illusory. The key figure everyone is glossing over is Real Personal Income Less Transfer Payments. This figure hasnβt grown in the last 2 quarters at all and is only up .9% YOY. Consumers need real incomes to grow to support spending growth and US GDP
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@justin_hart Yeah Iβll repeat an earlier reply I did on thisβ¦. Now we have one of two choices, but unfortunately they are inextricably linked. Prices on goods to come down. Income to go up. Without deflation. God speed!
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