Hey Profit I agree and it will be revised down as all these metrics always are. To your point GDP is calculated by the credit expansion of this so called of House of Funny Money.
We don't actually make anything here in the US with the exception of a few industries left I.e. Defense some Pharmaceuticals few others etc. We did a great job gutting the automotive and the energy sector. CapEx in oil is down very down and this inventory won't last forever.
Until oil prices rebound in $USD NatGas gets sidelined which makes this economy longer term dependent on Canada and the Middle East.
Don't get me started on steel as that's an entirely different dog with fleas....it's very sad because we could probably go on and on and on...
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