2 ms·
Key takeaways (for me at least): 1) GDP = Measure of Consumption 2) We've produced more than we can consume since about 1900. 3) Consumer Confidence has a ve
by peter_d_sherman 6y ago
Key takeaways (for me at least):
1) GDP = Measure of Consumption
2) We've produced more than we can consume since about 1900.
3) Consumer Confidence has a very important role in the Economy -- because it is intricately, intricately intertwined with credit AKA borrowing -- which is in turn, intricately, intricately intertwined -- with spending, which of course, is the backbone of the Economy...