Private non-farm shares in cost, since 1987.
For labor:
![]() |
| https://fred.stlouisfed.org/series/MPU4910141 |
For capital:
![]() |
| https://fred.stlouisfed.org/series/MPU4910131 |
Together, they add up to 100%.
CNN, 9 January 2024, has Trump saying "I don’t want to be Herbert Hoover." CNN adds: "The US
stock market crashed during former President Herbert Hoover’s first year in office in 1929, which
signaled the beginning of the Great Depression." See my work on the Trump Depression
Private non-farm shares in cost, since 1987.
For labor:
![]() |
| https://fred.stlouisfed.org/series/MPU4910141 |
For capital:
![]() |
| https://fred.stlouisfed.org/series/MPU4910131 |
Together, they add up to 100%.
1 comment:
Seems a little simplistic to me that there are only two shares of cost. (Clearly, finance is counted with productive capital.) But evidently, that's how they count it.
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