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Eric Basmajian emphasizes that while GDP is the most widely reported number in economics, it does not reveal where the economic cycle is heading.
He outlines steps to better interpret GDP reports, noting the true economic signal can often be found in a specific 20 percent segment of the economy.
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 usually happen during a recession, according to his analysis of stock market volatility. His recent comments continue a consistent focus on underlying economic trends beyond headline figures.