Economic Truth-Telling in an Age of Narratives
The Dividend Cafe
00:00
The Idiosyncratic Component of GDP
Inventories are the things, by definition, most likely to have an impact in a quarter, but not be predictive. A build up of inventory normally means you don't need to build up inventory as much the next quarter. And a depletion of inventory, same thing. These generally are more a particular events in a moment in time. But they are real. They happened. I'm not discounting them. i think tha import export movement, as long as total trade is going higher, and total trade is up 21 % from a year ago, i would love to see that happen. Because i prefer the world by oil and gas from us, and not a autocratic, authoritarian regime
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