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David Burse's avatar

"Putting on heavier shoes does not make you a thinner person"

No, but putting on a bigger shirt does!

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Thomas's avatar

Thanks for posting Noah. I've been bemused by the plethora of articles in the last few days from the WSJ/Bloomberg/Reuters/PickYourOutlet talking about the drop in GDP being due to imports - I was questioning my own sanity for a while but it really doesn't make sense when you stop and think about it for more than a few seconds. GPT made a complete hash of it as well which was pretty concerning, I think GPT is normally an okay place to send people for a "neutral" factual source but it did highlight for me how that can also go wrong as well.

I'd assumed that the jump in imports is starving other investment; I wouldn't be surprised either to see future revisions to investment/inventories lifting the April number back up.

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