by Mish
Most important metric in GDP report – pvt final demand – rose 1.6%, slowest in 3 years w/ 1 exception (Q1 2016).
— Caroline Baum (@cabaum1) October 28, 2016
Ever Weakening Real Final Demand
A slightly different metric better highlights ever-weakening demand.
Real Final Sales of Domestic Product % Change From Year Ago
![](https://i0.wp.com/mishtalk.com/wp-content/uploads/2023/06/image-placeholder-title-6287.png?quality=80&ssl=1)
I downloaded that data into an Excel spreadsheet capturing the yearly high for each year since 1950.
Real Final Sales of Domestic Product – Yearly Highs Since 1950
![](https://i0.wp.com/mishtalk.com/wp-content/uploads/2023/06/image-placeholder-title-6286.png?quality=80&ssl=1)
This is an ominous looking trend.
Real final sales of domestic product compared to the previous year trend lower as deficit spending and Fed printing rise.
Mike “Mish” Shedlock