US Productive Output Just Dropped the Most in History

The Heresy Financial Podcast - A podcast by Joseph Brown

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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.