The absolute key to the first quarter GDP result is to remember that ‘imports‘ are a deduction in the economic equation of Gross Domestic Product. The GDP is the valuation of all goods and services produced in the USA *minus* the value of imports. The Bureau of Economic Analysis (BEA) releases the results of the […]
The post Awesome News – GDP Growth at -0.3% in First Quarter, Despite Massive Import Purchase Increase of 41.3% to Avoid Tariffs appeared first on The Last Refuge.