Commentary
The euphoria over the fourth-quarter U.S. gross domestic product (GDP) figure makes no sense. The headline champions say that real GDP increased at an annual rate of 3.3 percent in the fourth quarter of 2023, according to the Bureau of Economic Statistics (BES). An increase in real GDP of $1.5 trillion with an increase in public debt of more than $2 trillion is not a strong economy. It is a bloated economy.
