Gross domestic product (GDP) is the most commonly used measure of economic growth. But GDP isn’t just inaccurate and misleading – it’s the contrivance of Keynesian economists seeking to push their own, big-government agenda. That’s right. GDP is a financial ruse – the biggest of the past half-century.
Our current economic cycle has reached a plateau. Movement of goods and materials are now improving less well when compared year-over-year, but they are still gradually improving. You have to move goods to sell goods and goods are still moving. There are some indications that inflation is eroding the dynamics – but no indications government spending cutbacks are effecting this index.
The economy will continue to expand in April 2011, but there is every indication that the rate of growth will be nearly flat.
The “real” economy – the economy of Joe Sixpack continues to expand. The strength of this growth is considered moderate with positive underlying trend lines. Putting this into perspective – the economy is likely improving on a per capita basis.