Why Is GDP Rising? Are They Lying?

On today’s show we are looking at something that is happening in the world of global commerce that is not making headlines and explains a lot of what we are seeing in economic reports.

We have rising unemployment, and falling corporate revenues and earnings. But at the same time GDP looks to be incredibly robust, almost unbelievably robust. Are they lying at the Bureau of Labor and Statistics, or is there something else happening?

Well on today’s show I think I have found the smoking gun that is causing the confusion.

When economic weakness is upon us, you would expect retailers to reduce inventory. That’s the logical conclusion. That’s what has happened in previous economic cycles. But not now. We have retailers increasing inventory. We are seeing global shipping costs increasing and we are experiencing congestion at sea ports again.

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