Friday, May 29, 2015

GDP

The GDP has been weak since the recovery started and it is getting weaker. With unemployment at just over 5%, how can this be? The answer is that there are 90 million people who are eligible to work who are not working. In additions there are 70 million people collecting social security either by retirement or disability and these people are not producing. When you have 150 million productive adults and 160 non-productive adults it is hard to get the GDP up and that is why the first quarter results were negative 0.7 percent

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