Eric Basmajian says U.S. economic cycles are driven mainly by durable goods, housing and business equipment, not the full GDP basket. Essentials such as groceri

BWB News TV • 2026-07-23 19:22 UTC • By Billy Odell Tucker-Robinson

Eric Basmajian says U.S. economic cycles are driven mainly by durable goods, housing and business equipment, not the full GDP basket. Essentials such as groceries and healthcare tend to change little even during recessions.

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