GDP grew 1.4%, deflator 3.6% — most of the “growth” is inflation. Productivity is terrible. Forget shutdown excuses. PCE spikes, GDP crashes 68% sequentially — stagflation alert
For those arguing the GDP data "isn't that bad" due to the gov't shutdown, the ACTUAL data DISAGREES. The GDP Deflator came in at 3.6% – meaning most of the 1.4% GDP was inflation, NOT real growth. Forget the shutdown …