9-6-22: U.S. Worker Productivity Shows Largest Ever Annual Drop in Second Quarter

By the numbers, productivity fell at a 4.6% annualized rate, the steepest pace since 1948, while growth in unit labor costs accelerated.Steve's Talking Points: Will Volkswagen spin-off Porsche in an IPO?, What's going on with Bitcoin?, If we do build more EVs, we'll need a lot more lithium; TRIVIA question: "What percentage of Americans shop at Costco? AND-- if you had invested $1,000 at that adjusted IPO price, and retained all shares, HOW MUCH would that be worth today?"Stocks: BRKB - Berkshire Hathaway Inc. Cl B (NYS); CMCSA -- Comcast Corp. Cl A (NAS); IIPR -- Innovative Industrial Properties Inc. (NYS); HUN -- Huntsman Corp. (NYS); INTU -- Intuit Inc. (NAS); AMD -- Advanced Micro Devices Inc. (NAS); VPC -- Virtus Private Credit Strategy ETF (ETF); BIZD -- VanEck BDC Income ETF (ETF); caller question regarding... commodities.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy