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George Gammon: Labor market or GDP data must be wrong
George Gammon raises doubts about the accuracy of official economic indicators. In a recent statement, he pointed out that either the labor market data or GDP figures may be inaccurate. Gammon emphasized that his base case assumes GDP is the incorrect measure.
No additional details were provided.
Gammon's skepticism surrounding economic reporting aligns with his broader assessments of financial stability, as seen in his recent examination of the persistent debate over the dollar's reserve status and its underpinnings in network effects. His commentary also resonates with prior analysis of how turmoil in multi family real estate is reverberating through private credit markets, raising further concerns about the reliability of core economic indicators.
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