Larry Kudlow: Productivity Is Missing From US Economic Growth

Larry Kudlow, the economic guru and former adviser to President Ronald Reagan, said waning productivity is holding back U.S. growth. Corporate profitability is growing the most since 2011, but gross domestic product has barely risen.

“We had big, big profits numbers in the S&P 500. Most of that was overseas, internationally driven,” Kudlow said on CNBC. “If you take out that and the banks, the actual profits are much less.”

He cited yesterday’s GDP report as indicating broader company profitability was waning even as the economy grew by 1.2 percent.

“You got a GDP report that shows profits at large, 4 million to 5 million companies in there. Those are so-called ‘IRS profits,’ and can’t be fudged. And they are falling 5.6 percent on a year over year basis,” he said. “They are falling because the balance between cost and prices has not been favorable for quite some time. The

admin

admin

Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!

-> CHECK AVAILABILITY HERE


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!

<