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This implies layoffs, possible on a massive scale, less investment spending and less corporate consumption. These will eat further into the income of, rather heavily indebted, households who are already suffering from high interest rates and tightening lending standards. 12/ ![](https://pbs.twimg.com/media/FjcZ-9cXEAAjQB3.jpg)

Seven Charts to Explain,...

@mtmalinen on Twitter

Final Sales to Private Domestic Purchasers is usually a better predictor of future GDP growth. It includes: Personal consumption: +1.8% Business fixed investment: +9.8% Residential investment: +1.3% https://t.co/NE9qe1f4Ye ![](https://pbs.twimg.com/media/GpyOofzWoAAhNMu.jpg)

Real GDP Fell at a 0.3%...

@jasonfurman on Twitter

The number of people actively contributing to GDP growth wasn’t growing fast anymore - but perhaps an upward trend in productivity growth could offset this? It could, but it didn’t. Especially in the 2010s, productivity growth was relatively stagnant: why? 6/ ![](https://pbs.twimg.com/media/FiB3jqmXoAEzG7W.png)

For a Macro Investor, Ev...

@MacroAlf on Twitter

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