So how exactly was Friday’s GDP report calculated?
Some interesting math in this most recent print aside, Hedgeye CEO Keith McCullough digs deeper into the numbers in the clip above.
“How does it work that you can overstate GDP? You understate the inflation,” McCullough explains during The Macro Show.
“There’s a number that the government comes up with called the deflator, or the inflation estimate. If you understate that number, you get a higher GDP number.”
Watch the full clip for more.