Thursday, March 21, 2013
US GDP NOT COUNTING REAL INFLATION AND COUNTING REAL INFLATION:
GDP is barely growing by official US accounting. But even that anemic number doesn't deflate GDP for gas, education, health care and food costs. Counting those in - as you can clearly see from the graphs below - and the US has been in a depression for 8 years. Why doesn't it seem like that? Well maybe because you're employed - whereas 40 percent of the population is not.