The economy is still topic #1 with most people. Most with whom I talk say they just don’t know how to think about it, so they feel all they can do is re-act . . . a situation they hate. They’d rather be able to pro-act. What’s a “V” recovery? Or a “U” one? And what’s the difference? Most [...]
Yesterday, I wrote about the limitations of GDP (Gross Domestic Product) in measuring our economy’s overall performance (you can see that post at http://bit.ly/84ni0). GDP measures only the production of new products and the performance of services during the measuring period. It’s pretty easy to see, then, the correlation between idle factories and unemployment. Not a [...]
GDP, or Gross Domestic Product, is an attempt to gauge our nation’s economic activity, and it has become the key measurement followed by politicians and the media for assessing the health of our national economy. But what is it? It turns out GDP doesn’t measure many economic activities at all. A consultant to governments and [...]
