Today’s Brew 11-2-17

From Speaker Ryan’s Instagram account…a great t-shirt:

Keep Calm and Cut Taxes


Mark Skousen has a good look at the economy on his website:

2nd Quarter Gross Output Shows Surprise Slowdown in Economy

Skousen adds, “Gross Output and GDP are complementary aspects of the economy, but GO does a better job of measuring total economic activity and the business cycle, and demonstrates that business spending is more significant than consumer spending,” he says. “By using GO data, we see that consumer spending is actually only about a third of economic activity, not two-thirds that is often reported by the media. As the chart above demonstrates, business spending is in fact almost twice the size of consumer spending in the US economy.”

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