Rising Incomes

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Real Gross Domestic Income Still Below Pre-Recession Peak

According to the Bureau of Economic Analysis (BEA), real GDP is now slightly above the pre-recession peak. Real GDP (in 2005 dollars) was at $13,380.7 billion in Q4, just 0.13% above the $13,363.5 billion in Q4 2007.However real Gross Domestic Income (GDI) is still 0.25% below the pre-recession peak.

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Long Run or Short Run?

from the Skeptical Optimist

A Rising Tide Lifts All Boats