Blog Index

Is Healthcare Overstating US Growth?

When Mr. McCormick originally wrote this article back in 2014 he stated that back In mid-2014 Americans were suffering. Wages were stagnant and inflation had begun to impact food prices and transportation (dairy up 4.4% and meat up 7.7% and transportation costs up 5%). With a new administration in 2017 and renewed vigor in the market - are we still overstating US growth? No wonder the average American feels the Federal Reserve’s rosy pictures of a "recovery under way" are out of touch with Main Street. The situation for the US however may be far worse that we assume. The reason is that the US counts growth in "health services" as part of economic growth numbers. However if the US's priva