Productivity Is GREAT!
No wonder the economy is in great shape:
Did you know: when a hospital in America charges an insurance company an insane, overinflated bill and the insurance company charges an end user this is counted in GDP - and it’s counted twice!? GDP is then divided by workforce to produce something called ‘productivity’.
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Joey Politano @JosephPolitano
Just insane that America had the best productivity growth of comparable major nations in the years pre-COVID, then went "hold my beer" post-COVID and had ~double the productivity growth of the next-closest country
It’s the New Math
As a stock trader for 20 years I learned very early in the game not to trust any government statistics. There's even a popular cliche that covers government reports: 'buy the rumour, sell the news.'