Bob analyzes the GDP report for Trump's 1st quarter, which was characterized by a surge in imports and private inventories, and a drop in government spending. Although the conventional discussion of these topics is confused, the fall in real GDP does indeed signify a weak economy.Mentioned in the Episode and Other Links of Interest:The BEA GDP report.Peter St. Onge's rosy analysis.Bob's article (from 2010) about quirks in the standard approach to inventory in GDP.The link for Monetary-Metals.com.Help support the Bob Murphy Show.

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