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Recent reports show the US current Gross Domestic Product (GDP) rate is hovering at around 1.3% compared to the estimate of 1.7%. While this growth at face value appears to be abysmal and more of an indication of the economy in a stall state, the numbers do not lie and very careful investigation of this number is required to understand the big picture and how it impacts your wallet. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox Business’ Varney & Company to examine the current GDP and why can’t this administration under President Obama realize its impact on GDP.
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Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: economy, financial advisor, fox business, gdp, gross domestic product, money, president obama, wealth manager