And welcome to another episode of the Chicks on the Right Podcast

where we talked to our BFF and sponsor of the show,

Zach Abraham, who is the chief investment officer at Bulwork Capital Management, and he always helps us understand weird, complicated financial monetary concepts and he breaks them down into little tidbits that we can understand.

And it's good timing, Zach, because apparently the GDP has soared unexpectedly to new heights that were not foreseen and so that begs the question

what the hell is that and what does that really mean?

Yeah anyway what is that? does that really mean? Yeah. Yeah.

Yeah, okay, so GDP stands for gross domestic product.

Okay, so what it basically is looking at is trying to, and to add on to what you said we try to do this all the time but it's not

about breaking it into little pieces it's just about putting it in layman's

terms right like you one of the things you learn about the world

of finances everybody knows more than they think they do they just don't know the

lingo right like okay well we like you people know the concepts, and I am convinced to this day that the reason that there's so much of this esoteric vernacular used is just so we sound smart.

Right? You don't mean, because you'll hear these people say this big elaborate thing

and you're like,

so what you're saying is we've got too much debt.

Right?

And it literally took like a paragraph in five minutes to say it, you know.

So, gross domestic product is just basically, it's a very rudimentary, inaccurate, kind of think of it like a sledgehammer way to measure the output of an economy.

So this is way over simplistic, but it really does that you don't need to dig into a

deep to really understand it basically is looking at the sums or the

additions and subtractions and and basically adding up all

transactions right and saying okay that some of that transaction that is an output right Apple sold you know

...