“It’s always most efficient ... to manufacture things closest to the point of consumption”.
Looking at longer term growth rates over a five year period, the GDP growth rate falls from an annualised rate of 3.3% as of Q4 2013 using the reported figures to a negative yearly growth rate of 1.0% using the money supply adjusted GDP figures.
Real GDP is not “real” unless the FED’s QE money printing is subtracted out from the GDP figures.
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