How concerning is the weakness in GDI?

The recent weakness of Gross Domestic Income (GDI) is only partly because it includes the losses now being incurred by the Federal Reserve. Even after excluding those, GDI paints a much weaker picture of recent economic performance than GDP. As GDI has historically provided the more accurate steer to true economic conditions, there is a risk that GDP is currently overstating the health of the economy.

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