Terrific 30,000 feet view of the main drivers of our inflationary economy and my thanks to Joseph for the hard work and summary of these forces. I hope that senators, representatives and our president reads these because they are the best!
Hi Joseph, great read. Quick question. How do you get to 4% Pre-Covid Personal Income/Outlay Growth? I went to thje NIPA table and calculated QoQ changes in Personal income and Outlays going back different time periods. Then i just took the average of those QoQ changes but they are closer to 1%? Curious how you did this.
Terrific 30,000 feet view of the main drivers of our inflationary economy and my thanks to Joseph for the hard work and summary of these forces. I hope that senators, representatives and our president reads these because they are the best!
Awesome work! Who does your charts?
"likely undo some of the large increases in capital gains taxes that have kept official measurements of aggregate income down"
Capital gains taxes went up? I am not aware of that. Is this in the United States?
Hi Joseph, great read. Quick question. How do you get to 4% Pre-Covid Personal Income/Outlay Growth? I went to thje NIPA table and calculated QoQ changes in Personal income and Outlays going back different time periods. Then i just took the average of those QoQ changes but they are closer to 1%? Curious how you did this.