US Productive Output Just Dropped the Most in History
The Heresy Financial Podcast - A podcast by Joseph Brown
Productivity in the United States posted its largest drop in United States history, during the second quarter of this year. Now considering the fact that we're officially in a recession, we've got record breaking inflation every single month, the central bank who’s in between a rock and a hard place on deciding whether to tighten, or to ease and soften the blow on the economy. This is not a good sign that we're seeing productivity drop like this, because an increase in productive output would be the only way out of this mess, pain free.