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POSTED ON June 11, 2018  - POSTED IN Fun on Friday

US productivity numbers for the first quarter of this year were disappointing, to say the least. Analysts expected Q1 productivity to rise by point 0.7%. Instead, it came in at nearly half that, rising by 0.4%. This was only a slight improvement over the 0.3% increase in the final quarter of 2017.

There wasn’t a whole lot of chatter about sluggish productivity in the mainstream financial press, but in his recent podcast, Peter Schiff pointed out that it could have significant ramifications for the economy – and on your pocketbook. If you’re counting on productivity to keep a lid on consumer prices, you have a big problem.

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