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But we saved everything 🙂.
Eric Basmajian points out that nominal growth has remained remarkably stable for over two years when inventories and trade are excluded.
His observation underscores a consistent economic trend over this period.
Basmajian has previously noted that the decline in the employment-to-population ratio is being offset by government payments funded by debt. He has also observed that both the worst and best three-month periods for stocks tend to occur during recessions. The latest analysis adds to ongoing commentary on macroeconomic trends.