
Past Peak Hawkishness (guest: Barry Knapp)
The Market Huddle
00:00
Is Productivity Turning Negative in the US?
productivity, which is a residual between an economic output and hours work, using g d p, it surely was negative in the first half of the year. But supply chains cleared, and we had the biggest surge in imports in the month of march in this country that i could find sincea the ten sixties. That's why corporate margins are well above priorcycle peaks where they peked out eight in 18 and early 19. And u o sales per employee, i the s p 500, is surging. So it kind of solves a lot of mysteries if you think about productivity a little differently. It just paints a picture where, if productivity is indeed expanding, not contracting, the speed limit
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