Healthcare Is About To Surpass Housing As The Biggest Source Of American “Growth”
by Tyler Durden
ZeroHedge.com
03/26/2016
What was most troubling in yesterday’s GDP report is that the second highest spending category making up the GDP calculation, Healthcare at $1.9 trillion, has been soaring in recent years, more than offsetting the housing weakness, and as the chart below shows, the US economy is within 2-3 quarters of the moment when outlays on healthcare (and Obamacare) will surpass spending on Housing.
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