which sector in the economy of the US except prison inmates and national security can show net gains or even lack in loss of employed people?
Residential construction is a bright spot, due to dramatically low mortgage rates.
See: Message 19462751
Residential construction was up 15.6% YoY in this report.
Additionally, oil imports (which act as a tax but mysteriously get reported as good for GDP) were up 23% YoY
National Defense spending, arguably a net loss to the economy was also up 15% YoY
So, we have the tail wagging the dog with residential construction and two net losses to the economy calculated as gains. Welcome to Alice's Looking Glass Lodge... :)
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"Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. The world in arms is not spending money alone. It is spending the sweat of its labourers, the genius of its scientists, the hopes of its children... This is not a way of life at all, in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron." --President Dwight D. Eisenhower, Speech in 1953 |
