Analyzing Government Spending's Impact on GDP and Economic Health

Bob analyzes the GDP report for Trump's 1st quarter, which was characterized by a surge in imports and private inventories, and a drop in government spending. Although the conventional discussion of these topics is confused, the fall in real GDP does indeed signify a weak economy.

Mentioned in the Episode and Other Links of Interest:

• The BEA GDP report.
• Peter St. Onge's rosy analysis.
• Bob's article (from 2010) about quirks in the standard approach to inventory in GDP.
• The link for Monetary-Metals.com.
• Help support the Bob Murphy Show.