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Clearly fogged in

(2,325 posts)
2. Are rent and mortgages included in GDP?
Thu Oct 29, 2020, 09:52 AM
Oct 2020

I can understand people reallocating what monies they have into purchases. Earlier in this pandemic, around the time of the $1200 stimulus checks, I watched shoppers load televisions and other high dollar items into their carts. If they were using the stimulus money it would be one thing, but it seemed more like many saw an opportunity to get things previously outside their budgets. It would be helpful to know if, and by what amount, credit card debt increased before determining if the increase in GDP is reflecting an unsustainable bubble or not.

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