The news out of the Commerce Department today that US GDP declined by 1% in Q1 is not good news for the tepid recovery in the US economy. Personally I suspect that the increased income inequality that we see in this country has something to do with it. Remember that Henry Ford gave his employees raises so that they could afford to buy his products.
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David J. MangenI'll use this space to make some occasional comments about statistics, numbers and research issues as seen in the world today. Archives
July 2020
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