A low volume, high quality source from the demand side perspective.The podcast is produced weekly. A transcript is posted on the day of.

Wednesday, December 5, 2007

Consumer may have waved white flag already

This chart displays the activity of the private household from both personal consumption and residential investment. This is the contribution to GDP growth mapped against total GDP growth. I offer it as a cookie for thought. Which is where I am with it.

The red line is GDP. It seems very improbable, and likely reflects some gimmicking of the price indexes to keep production up plus the ongoing boost to our souls from the Iraq War.

No comments:

Post a Comment