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Keyword: gdp

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  • Chinese Growth Slowest for 24 Years

    04/16/2014 1:25:01 PM PDT · by nickcarraway · 4 replies
    Guardian ^ | Tuesday 15 April 2014
    China's GDP grew 7.4% in the first quarter amid growing evidence that the powerhouse economy is easing offThe new railway station being built in Shenyang, Liaoning province. Investment in fixed assets dipped in the first quarter. China's annual economic growth slowed to its lowest for nearly a quarter of a century between January and March to 7.4% from 7.7% in the previous three months.
  • US economy expanded in fourth quarter; jobless claims tumble

    03/27/2014 6:34:13 AM PDT · by SeekAndFind · 12 replies
    CNBC ^ | 03/27/2014 | Justin Solomon | CNBC
    The number of Americans filing new claims for unemployment benefits unexpectedly fell last week and touched its lowest level in nearly four months, suggesting the labor market was strengthening. A separate report showed U.S. economic growth was a bit faster than previously estimated in the fourth quarter, displaying underlying strength that could bolster views that the slowdown in activity early in the year would be temporary. Initial claims for state unemployment benefits declined 10,000 to a seasonally adjusted 311,000, the lowest level since November, the Labor Department said on Thursday. Claims for the week ended March 15 were revised to...
  • Slow growth: What the new normal GDP means for monetary policy, stocks

    03/11/2014 10:58:50 AM PDT · by Red in Blue PA · 7 replies
    A new report from Morgan Stanley chief economist Vincent Reinhart and his team paints a picture of a new economic normal that features GDP growth of just 2%, half a percent lower than previous estimates. Part of the cause for this adjustment, according to the report is: ďIn the past few years, population growth has declined, labor force participation is on a secular downtrend, and productivity is increasing at a slower clip.Ē ************ In short a lower participation rate leads to a slower growth economy and if the former isnít changing, and Kenny doesnít think it will, the latter canít...
  • U.S. Government's New Way Of Calculating GDP: Would become 3% bigger due to a change in statistics

    03/01/2014 5:32:23 AM PST · by SeekAndFind · 11 replies
    Seeking Alpha ^ | 04/24/2013
    In March 2013, the U.S. government invented a new way of calculating GDP. The Financial Times reported that starting from July 2013, U.S. GDP would become 3% bigger due to a change in statistics. As this adjustment in GDP calculation is pretty significant, I will discuss the new items in the U.S. GDP, what the consequences are and how investors should act on this revision in statistics.GDP = private consumption + gross investment + government spending + (exports ‚ąí imports), orThe government made a significant change in the gross investment number (I), which now includes R&D spending, art, music, film...
  • US Q4 GDP Revised Down To 2.4% From 3.2% On Lower Consumer Spending

    02/28/2014 6:54:05 AM PST · by SeekAndFind · 26 replies
    International Business Times ^ | 02/28/2014 | By Moran Zhang
    The U.S. economy grew at a 2.4 percent annualized rate in the fourth quarter, the Commerce Department said Friday, revising down its initial estimate of a 3.2 percent increase in the nation's economic performance. The drop in fourth-quarter gross domestic product growth was largely due to a smaller-than-expected boost from Americans buying bit-ticket items such as autos. Consumer spending, which accounts for 70 percent of the U.S. economy, slowed to a 2.6 percent rise from 3.3 percent in the third quarter. Export, inventory accumulation and government spending also contributed to the downward revision in GDP. Capital Economics' Paul Ashworth now...
  • The Intentional Buffoonery of the Progressive Left

    02/09/2014 5:10:49 AM PST · by Kaslin · 3 replies ^ | February 9, 2014 | John Ransom
    Goldilocks wrote: So how are beginning workers and poor people supposed to advance economically? Obama Wage Hike is Obamacare by 'Other Means' Dear Comrade Goldi, I can tell you one way to make it more difficult for ďbeginning workers and poor peopleĒ to advance. If you raise the minimum wage, theyíll be likely to be hurt worst, first. People advance economically by gaining experience and thus bringing more value to an employer, not by passing capricious laws. According to a BLS survey done in 2011, only 5 percent of workers who make hourly wages are at or below the federal...
  • This Map Shows How The GDP Of US States Compare To Countries Around The World

    02/04/2014 5:41:51 AM PST · by blam · 17 replies
    BI ^ | 2-4-2014 | Michael Kelley
    This Map Shows How The GDP Of US States Compare To Countries Around The World Michael Kelley Feb. 4, 2014, 7:27 AM ÔÄÉ ÔÉĀ Ôāě Ôāô ÔÉē Feb. 4, 2014, 7:27 AM BI contributor Randy Olson passed along this map, created by reddit user Phaenthi, that presents U.S. states and corresponding countries with similar GDP. Olson, who moderates the subreddit DataisBeautiful, noted that the map is not adjusted for population size "e.g., Minnesota has a population of ~5.5 million and Nigeria has a population of ~175 million." California is the obvious powerhouse, with a GDP of about $2 trillion in...
  • Why stronger GDP growth isn't creating more jobs

    01/31/2014 7:14:17 AM PST · by SeekAndFind · 35 replies
    FORTUNE ^ | 01/30/2014 | By Stephen Gandel, senior editor
    The government said GDP rose 3.2% in the last three months of 2013 -- one of the fastest rates since the end of the recession, though slower than the third quarter's 4.1%. Still, that sounds good, until you remember this: Employers only added 74,000 jobs in December -- one of the worst months in nearly three years. Stronger economic growth is supposed to equal more jobs. So what gives? It does appear that the normal relationship between jobs and GDP has broken down. In the first half of 2013, for instance, GDP growth was at 1.9% and employers added an...
  • Charts of the day, world manufacturing output, 2012

    12/17/2013 9:36:32 AM PST · by 1rudeboy · 111 replies
    AEI ^ | Mark J. Perry | December 15, 2013
    The charts above are based on new data from the United Nations on GDP and its components for more than 200 countries, updated through 2012. Here are some highlights of the UN’s data update:1. The top chart compares the annual manufacturing output from 1970 to 2012 (measured in current US dollars) for the five countries that produced the most manufacturing output last year: China, US, Japan, Germany, and Korea.  As I reported last year, China officially became the world’s largest manufacturer in 2011, with output in 2011 ($2.34 trillion) that was 20.6% higher than the $1.94 trillion (updated) of...
  • U.S. Economy Grew At 3.6 Percent In Third Quarter; Jobless Claims Dip

    12/05/2013 11:12:56 AM PST · by SeekAndFind · 11 replies
    NPR ^ | 12/05/2013 | Bill Chappell
    The U.S. economy grew at an annual rate of 3.6 percent in the third quarter, according to data released Thursday by the Bureau of Economic Analysis. That's a rise from the second quarter, when the real gross domestic product tallied a 2.5 percent gain. The pace of growth is the fastest since the first quarter of 2012, which clocked in at 3.7 percent. Thursday's release is the "second" estimate for the third quarter, following up on data released in November that put the GDP's increase at 2.8 percent. But the increase belies some potentially troubling signs. As The Associated Press...
  • Q3 Real GDP Rises To 3.6% While Personal Consumption Expenditures Drop To 1.4%

    12/05/2013 8:03:17 AM PST · by whitedog57 · 14 replies
    Confounded Interest ^ | 12/05/2013 | Anthony B. Sanders
    The good news. Real GDP growth was revised for Q3 up to 3.6%. The bad news. Personal consumption expenditures fell to 1.4% for Q3. There has been a steady decline in personal consumption expenditures since 1998. The good news. Private investment in residential real estate rose 13.0% in Q3! And nonresidential structures grew at 13.8%. The bad news. Real median household income (only through 2012) continues to decline. We have a ďGINI Paradox.Ē Since 2007, real median household income has fallen while income inequality (GINI) has risen. AND we have rising residential real estate investment? The US needs real GDP...
  • A (Visual) Tale of 25 Cities (And Half The World's GDP)

    11/24/2013 7:44:46 AM PST · by SeekAndFind · 13 replies
    Zero Hedge ^ | 11/23/2013 | Tyler Durden
    With more people in the world living in cities than ever before, citiesí share of global GDP is rising: 25 cities account for approximately 50% of the worldís GDP. But not all cities can be winners, and not all are destined for greatness. The following smorgasbord of charts highlight how successful cities have typically had natural advantages such as location, time zone and resources; but more importantly, to remain successful they need education, a skilled workforce, strong property rights, a broad base of industries and in some cases, policies aimed at attracting capital and talent. Conversely, As Goldman notes,...
  • Note to Liberals: America's Debt Already Exceeds 100% of GDP

    11/21/2013 7:58:11 AM PST · by SeekAndFind · 9 replies
    American Thinker ^ | 11/21/2013 | Sierra Rayne
    Over at The Atlantic, Ron Fournier -- the editorial director of National Journal -- argues that the Republicans are "The Party of Zilch." †As part of his rationale for why the GOP "stands for nothing," Fournier states that "[t]he country needs to tame a massive debt that will be 100 percent of the gross domestic product by 2038 unless Congress raises revenue and trims entitlements. No, says the GOP." Here is a news flash for The Atlantic: the American gross federal debt already exceeds 100% of GDP. †No need to wait until 2038; it is currently at 106.5% of...
  • Recovery? Nominal GDP Above 5% Only Once Under President Obama (And Real GDP Above 3% Only Once)

    11/17/2013 10:00:08 AM PST · by whitedog57 · 4 replies
    Confounded Interest ^ | 11/17/2013 | Anthony B. Sanders
    While economists mostly focus on real gross domestic product (GDP) growth, letís look at nominal GDP growth for a change. If we go back to 1948 and President Harry Truman, you can see the number of times that nominal GDP growth (Year-over-year) exceeded 5%. nomgdpyoy And if we count the number of times nominal GDP equaled or exceeded 5%, we can see a pattern developing. Under President Obama, nominal GDP exceed 5% only once (5.2% for Q1 2012). The last President that experienced 5% or more nominal GDP growth was Ronald Reagan. gdpgt5 But even under the much-maligned President Jimmy...
  • Thanks to God for Those Missing "Jobs" in October

    11/15/2013 9:31:25 AM PST · by Kaslin · 5 replies ^ | November 15, 2013 | John Ransom
    While liberals have trumpeted how badly the 16-day government shutdown has been for the economy, theyíve ignored how badly the other 349 days of operational government is for GDP growth. As the deleterious effects of the shutdown have yet to show up in the actual economy, liberals are trotting out stats that say ďShutdown very, very bad. You too dumb to notice.Ē This is important because liberals are STILL caterwauling about the effects that the government shutdown is going to have on the fourth quarter GDP growth. Desperate to get the countryís torches and pitchfork turned back on the Tea...
  • SR 119: Fake US GDP

    11/09/2013 12:22:13 PM PST · by Attention Surplus Disorder · 6 replies
    YouTube ^ | November 08, 2013 | Bill Still
    Bill Still makes the case that given that QE injections ARE COUNTED in GDP growth, and 3Q GDP growth has been roughly $196 billion during the last quarter while QE injections are $85 billion per month or $255 billion. Meaning: The US actually shrunk $59 billion during the last quarter.
  • China Insiders Stressing over Fake GDP Figures (Vanity)

    10/30/2013 6:52:53 PM PDT · by TexGrill · 10 replies
    PMNews ^ | 10/31/2013 | Vanity
    (Vanity) I just heard at an intruiging conversation with a lawyer who works nearby Guomou Subway Station on Line 1 in Beijing. The attorney explained that their law firm is hired by the Chinese government to publish all economic statistics into the English language and make it available as press releases for the Western media, or so the lwayer claims. Apparently, the lawyer has described a culture of chaos as government officials try to figure out how to make fake economic statistics that look more believable. The source explained the routine. China has two sets of books: the real economic...
  • Portugal Sovereign Debt Unsustainable At 120% Debt/GDP (What About USA?)

    10/08/2013 5:28:00 AM PDT · by whitedog57 · 3 replies
    Confounded Interest ^ | 10/08/2013 | Anthony B. Sanders
    The sustainability of Portugalís sovereign debt remains questionable even after the EC, ECB and IMF released an optimistic view last week following the eighth and ninth review mission to the country. The troika raised its GDP growth forecasts for the Portuguese economy. The figure for 2013 was increased to minus 1.8 percent from minus 2.3 percent. The number for the following year was lifted to 0.8 percent from 0.6 percent. At least there is progress. But Portugal has an unsustainable debt to GDP of 120%. portugaldebt Portugal has the second highest sovereign ten year yield in the EU after Greece....
  • Itís Not Consumption that Drives the Economy

    10/04/2013 3:21:34 PM PDT · by BfloGuy · 5 replies
    The Mises Institute ^ | 10/4/2013 | John Cochran
    Good news from Mark Skousen: Important Announcement and some good news: It looks like government may be starting to adopt my new macro model, based on my concept of Gross Domestic Expenditures (GDE), rather than the old GDP, which is what gives the false impression that consumption, rather than production and investing, is what makes the difference in the economy. Skousen has long argued that standards measures in the income and product account provide a very misleading picture of actual economic activity ¬Ė a picture not consistent with a structure of production understanding of the economy.In Skousen words: Here¬ís why...
  • Sacre Bleu! To Combat Slow Economic Growth, French President Hollande Ö RAISES Taxes!

    09/30/2013 10:54:58 AM PDT · by whitedog57 · 9 replies
    Confounded Interest ^ | 09/30/2013 | Anthony B. Sanders
    Franceís Socialist President Francois Hollande decides to combat a faltering economy by Ö RAISING taxes. Seriously. Then again, President Obama is raising taxes massively in the US, mostly through Obamacare. The French government unveiled a 2014 budget Wednesday that continues to rely on higher taxes, threatening to further dent household spending power and economic growth, as well as President FranÁois Hollandeís record low popularity. Faced with growing discontent over high taxation, Mr. Hollandeís government emphasized efforts in the budget to improve Franceís public finances by curbing spending. But net new taxes are still set to increase by Ä3 billion, with...
  • 2013 GDP Growth Rate Closer to -1.75%

    09/21/2013 11:34:54 AM PDT · by NaturalBornConservative · 36 replies
    Natural Born Conservative ^ | September 21, 2013 | Larry Walker Jr
    Phony Government Statistics: GDP- By: Larry Walker, II -ďThere are six things that the Lord hates, seven that are an abomination to him: haughty eyes, a lying tongue, and hands that shed innocent blood, a heart that devises wicked plans, feet that make haste to run to evil, a false witness who breathes out lies, and one who sows discord among brothers.Ē ~ Proverbs 6:16-19 ~Gross Domestic Product (GDP) is one of the broader measures of economic activity and is the most widely followed business indicator reported by the U.S. government. But according to Economist Walter J. Williams of Shadow...
  • Don't Buy Into The Myth About Universal College Education And Economic Growth

    09/04/2013 4:32:43 AM PDT · by SeekAndFind · 6 replies
    Forbes ^ | 09/03/2013 | Brian Domitrovic
    College began across the country last week. Opportunists associated with the higher-education establishment took the occasion to engage in special pleading. First was the leader of the organization most on the hook for higher ed, the federal government. Last year, the feds dished out $112 billion on student loans, an amount nicely equal to the combined endowments of all eight of the Ivy League universities plus Stanford. Grants to universities for research and other federal higher-ed handouts amounted to another $50 billion. The total is hard to measure, in that all sorts of federal agencies exist to funnel money to...
  • The Top 7 Lies of Obam-a-CON-omistsÖ So Far

    08/02/2013 4:04:35 AM PDT · by Kaslin · 3 replies ^ | August 2, 2013 | John Ransom
    There they go again: while admitting to their lie about first quarter GDP, government economists are finding new ways to lie about second quarter GDP. While all of the attention for market-watchers has been on will-they-or-wonít-they taper at the Fed, the real story of the year is the fact that the Commerce Department just downgraded GDP growth once again, in at least a partial revision of the lie they first told last winter. And lost in the official revisions to GDP and the revisions to revisions and the revisions to revised revisions, is the story of how ordinary people are...
  • This Administration Comes With a Laugh Track

    08/19/2013 3:23:42 AM PDT · by Kaslin · 4 replies ^ | August 19, 2013 | John Ransom
    For staggering sum of $47 trillion dollars, one would think that perhaps this administration could afford a soundtrack under their reckless spending, like the 1970ís Bionic Man had when his binary powers took over. An original-score sound bed would add drama and color to the spending. The theatrical effect would be that it would make us feel like the spending was doing something. Instead, all Obama got us was the royalty-free laugh track. Through 2023 the Office of Management and Budget reports that the accumulated spending by the federal government since the One took over will be $46.5 trillion under...
  • White House: Pathway to citizenship would boost GDP by $1.4T over decade

    08/13/2013 2:02:07 PM PDT · by jazusamo · 53 replies
    The Hill ^ | August 13, 2013 | Justin Sink
    The White House on Tuesday released a new report arguing a pathway to citizenship for the nation's 11 million illegal immigrants would add 2 million jobs to the economy and boost gross domestic product by $1.4. trillion over the next decade. The report, penned by Director of Domestic Policy Cecilia MuŮoz and Director of the National Economic Council Gene Sperling, is the latest in a series of releases touting the economic benefits of comprehensive immigration reform as the White House pushes House Republicans to act on the issue. "We cannot afford a system that creates a group which can never...
  • Unemployment Rate Falls to 7.5%, But Real GDP Is 76% Lower Than The Same Point Under Reagan

    08/02/2013 9:54:31 AM PDT · by whitedog57 · 5 replies
    Confounded Interest ^ | 08/02/2013 | Anthony B. Sanders
    The good news in todayís BLS report: the unemployment rate fell to 7.5%. The bad news? The recent real GDP revision revealed a dismal 1.7% real GDP growth. During the Reagan Recovery, we saw an unemployment rate of 7.5% in June 1984 Ö when real GDP growth was 7.20%. The Q2 2013 real GDP growth rate is 76% lower than in Q2 1984. gdpunemp This is spite of the 10 year Treasury yield (green line) falling from 13.56% on June 30, 1984 to 2.30% as of today. That is an 83% drop in the ten year yield. gdpt10 Like in...
  • Initial Jobless Claims Fall To Reagan Recovery Years (1984) While Real GDP Is 20% Of Reagan Recovery

    08/01/2013 5:18:48 PM PDT · by whitedog57 · 4 replies
    Confounded Interest ^ | 08/01/2013 | Anthony B. Sanders
    Initial jobless claims were released this morning (326k) and beat expectations of (345k). It was the best beat in initial claims in 3 months and the lowest absolute level since January 2008. ijc080113 In fact, initial jobless claims are back to Reagan Recovery levels of March 1984 (although it took a lot longer to get there). When I compare initial jobless claims with homeownership rates, you can see a disturbing trend. Jobless claims are positively correlated with homeownership rates (both have been falling). ijchomeown Continuing jobless claims fell to 2,951K that also beat expectations of 3,000k. This level is still...
  • Initial Jobless Claims Fall To Reagan Recovery Years (1984) While Real GDP Is 20% Of Reagan Recovery

    08/01/2013 9:24:07 AM PDT · by whitedog57 · 2 replies
    Confounded Interest ^ | 08/01/2013 | Anthony B. Sanders
    Initial jobless claims were released this morning (326k) and beat expectations of (345k). It was the best beat in initial claims in 3 months and the lowest absolute level since January 2008. ijc080113 In fact, initial jobless claims are back to Reagan Recovery levels of March 1984 (although it took a lot longer to get there). When I compare initial jobless claims with homeownership rates, you can see a disturbing trend. Jobless claims are positively correlated with homeownership rates (both have been falling). ijchomeown Continuing jobless claims fell to 2,951K that also beat expectations of 3,000k. This level is still...
  • Fed Leaves Rates Unchanged - Changes Economic Forecast From Moderate to Modest (1.7% Q2 GDP Growth?)

    07/31/2013 3:28:10 PM PDT · by whitedog57 · 6 replies
    Confounded Interest ^ | 7/31/2013 | Anthony B. Sanders
    Here is the written statement from the Federal Reserve Board of Governors. Note that The Fed has changed the word ďmoderateĒ to ďmodest.Ē That is known as a downgrade. Surprise, surprise, surprise! The Fed Funds Target remains unchanged. fedfundstarget The Taylor Rule, believe it or not, called for a LOWERING of the Fed Funds Target. tayloru;e073113 The Federal Reserve said it will maintain its $85 billion in monthly bond purchases and persistently low inflation could hamper the expansion. fedbal073113 The Fed did note concern for rising mortgage rates, a sign that they might taper slowly. mbaavgpurch073113 The 10 year Treasury...
  • WH: Economic Data Revised to Include 'Methodological Changes Designed to Better Reflect the

    07/31/2013 9:03:43 AM PDT · by Nachum · 8 replies
    Weekly Standard ^ | 7//31/13 | DANIEL HALPER
    In a blog post published this morning, the White House explains why historic economic data has been updated. "The comprehensive revision to the national accounts, which is the first since July 2009, includes additional source data received by the Bureau of Economic Analysis, as well as methodological changes designed to better reflect the evolving nature of the U.S. economy," writes Alan B. Krueger, chairman of the Council of Economic Advisers. "This morning the Bureau of Economic Analysis released a comprehensive revision to the National Income and Product Accounts, covering the full history of data since 1929. The revision showed that...
  • The new GDP methodology: What you need to know

    07/31/2013 7:40:43 AM PDT · by Mad Dawgg · 11 replies
    MarketWatch ^ | July 31, 2013 | Steve Goldstein
    The Commerce Department has made changes to how it calculates gross domestic product, designed to have the data better reflect the so-called knowledge economy. The U.S. government adjusted data all the way back to 1929, and other countries have or are about to make similar changes to their data.
  • The GDP Revision Polka: Revised Q2 GDP 1.7%, Up From Downward Revision Of 1.1%

    07/31/2013 7:25:37 AM PDT · by whitedog57 · 3 replies
    Confounded Interest ^ | 07/31/2013 | Anthony B. Sanders
    Revised Q2 GDP printed at 1.7% and that was higher than expected (1.0%), but lower than the previous print of 1.8%. And that print of 1.8% was revised downward to 1.1%. realgdp17 The GDP revision polka (pre- and post-revisions): GDP pre post revision Personal consumption growth, a large piece of real GDP, slowed to 1.8% in Q2 from a downward-revised 2.3% in Q1, also beating economistsí consensus estimate of 1.6% growth. pce073113 The personal saving rate (personal saving as a percentage of disposable personal income) was 4.5 percent in the second quarter, compared with 4.0 percent in the first quarter....
  • Analysis: Intangible investments cast U.S. economy in brighter light

    07/28/2013 5:53:07 AM PDT · by Oldeconomybuyer · 15 replies
    Reuters ^ | July 28, 2013 | By Jason Lange
    As many a former factory worker can attest, U.S. companies have invested so heavily in technology that some plants now practically run themselves. This illustrate a rethinking under way on how to measure economic output, a discussion that is leading to an overhaul of government data this week that will show the U.S. economy is a bit larger than previously thought. This will change on Wednesday when the Commerce Department releases decades of revised data that will include R&D as a category of investment. Under the new framework, R&D added about $300 billion to GDP in 2010. This could give...
  • Why New Troubles in France and Germany Will Affect 2Q U.S. Corporate Earnings

    07/18/2013 8:29:53 PM PDT · by abbyjoseph
    Profit Confidential ^ | Michael Lombardi
    The eurozone is still a mess. Instead of improvements, I just see more troubles. Economic slowdown in the regionís debt-infested nations is already staggering, but even those that were able to fight it are now experiencing huge problems. Around this time last year, the European Central Bank (ECB) was very clear about its plan for the eurozone crisis. It said that itís ďready to do whatever it takes.Ē Back then it was the greatest relief to the marketóthe announcement calmed the rising debt rates in the eurozone and sent a wave of optimism toward the key stock indices. But it...
  • Biggest Fib Of The Year: China GDP Grows 7.5% In Q2

    07/16/2013 7:16:52 AM PDT · by SeekAndFind
    Forbes ^ | 07/16/2013 | Gordon Chang
    Monday morning, Beijingís National Bureau of Statistics announced that gross domestic product in the second calendar quarter increased 7.5% from the same period last year, hitting median estimates squarely on the nose. The announcement confirms Chinaís growth is slowing but does not fully capture the recent falloff. What is the real growth figure? Seeking Alpha thinks it is around 6.7%, but even that figure is high. Among other factors, the severe contraction of aggregate financing in June, the marked fall in exports in May and June, and the evident shrinkage of the manufacturing sector throughout the quarter all point to...
  • M2 Money Velocity (GDP/Money Supply) Has Crashed to Historic Lows Under Bernanke's Reign of Error

    07/15/2013 4:44:16 PM PDT · by whitedog57 · 4 replies
    Confounded Interest ^ | 07/15/2013 | Anthony B. Sanders
    Both Goldman Sachs and JP Morgan Chase have lowered Q2 Real GDP growth to 1%. Retail sales, although in Q3, were disappointing in todayís release. usretail071513 Tepid GDP growth and rising adjusted monetary base is not a great combination. moneyrelgdp As a consequence, M2 Money Velocity has plunged. m2velocbernake Of course, M2 Money Velocity is correlated with dwindling labor force participation. m2velpart The change in the M1 Money Multiplier is not so clear. m1multi And as I have discussed before, the rise in M1 Money Supply and the collapse of the Money Multiplier did not go unnoticed. m1multiexcess But both...
  • The Incredible Ben Bernanke(stone) And The Disappearing Velocity Trick

    07/15/2013 8:12:06 AM PDT · by whitedog57 · 4 replies
    Confounded Interest ^ | 07/15/2013 | Anthony B. Sanders
    Both Goldman Sachs and JP Morgan Chase have lowered Q2 Real GDP growth to 1%. Retail sales, although in Q3, were disappointing in todayís release. usretail071513 Tepid GDP growth and rising adjusted monetary base is not a great combination. moneyrelgdp As a consequence, M2 Money Velocity has plunged. m2velocbernake Of course, M2 Money Velocity is correlated with dwindling labor force participation. m2velpart The change in the M1 Money Multiplier is not so clear. m1multi And as I have discussed before, the rise in M1 Money Supply and the collapse of the Money Multiplier did not go unnoticed. m1multiexcess But both...
  • Harry Reid: Insufficient Government Spending Hurts U.S. Economy

    07/09/2013 8:16:56 AM PDT · by Sub-Driver · 20 replies
    Harry Reid: Insufficient Government Spending Hurts U.S. Economy July 8, 2013 - 4:37 PM By Ryan Kierman ( Ė Senate Majority Leader Harry Reid said in a press release Friday that insufficient government spending, caused by Republican "austerity policies" is hurting the U.S. economy and preventing a quicker recovery. ďWe need to continue advancing policies that spur growth and create jobs," Reid said. "It's time for Republicans to let go of their failed austerity policies that weigh down our economy and prevent a speedier recovery. We simply can't cut our way to prosperity." During President Barack Obama's first three years...
  • Federal Regulation Has Left America A Poorer Nation

    06/29/2013 4:25:12 AM PDT · by SeekAndFind · 11 replies
    IBD ^ | 06/29/2013
    Frustrated by the lack of jobs and middle-class progress? Dispirited by the fading American Dream? Don't blame capitalism. Blame regulation and politicians who push it. Some people, it seems, live to rail against free markets and free enterprise, holding them responsible for flat wages, lack of opportunity, income gaps, middle-class stagnation, poverty and economic listlessness. They're convinced private greed holds back the government's ability to improve conditions. But it's the government that's done the most damage to economic growth, new research shows. America is now more of a regulatory state than a haven of free enterprise ó a development that...
  • Slower growth, fewer jobs? Still, Wall St. cheers

    06/27/2013 8:11:26 AM PDT · by SeekAndFind · 7 replies
    New York Post ^ | 06/27/2013 | John Crudelle
    Díja hear the great news? The economy continues to suck. The stock market rallied nicely yesterday after the Commerce Department changed its mind about how the economy did in the first three months of 2013. After thinking the US economy grew at an annualized rate of 2.4 percent in the quarter, Commerce revised the number downward ó saying growth had actually been only 1.8 percent. There are several things you need to understand before I continue. First, even 2.4 percent growth isnít good. An economy thatís pumped up with the amount of liquidity the Federal Reserve has created should be...
  • Bernankeís Retreat? Equities/Treasuries Surge on 1.8% GDP (Pending Home Sales BOOM!)

    06/27/2013 7:15:04 AM PDT · by whitedog57
    Confounded Interest ^ | 06/27/2013 | Anthony B. Sanders
    Whoops! Q1 real GDP was downgraded from 2.4% to 1.8% yesterday on lower-than-expected consumer expenditures. q1gdp062613 And now NY Fedís William Dudley gave a dovish speech repeating Bernankeís hints that The Fed COULD taper, but we will have to wait and see. The US personal savings rate rose (slightly), so a decline in consumer spending is not all that surprising. [Hopefully, consumers are saving for a down payment!]. psr062713 The reaction in the Dow after the downgrade (or revision)? The DJIA has increased mightily on the thought that The Fed hinted at an early pull-out of easing. djia062713 The global...
  • Mortgage Applications Decline 3%, Q1 GDP At 1.8%, Fed To The Rescue?

    06/26/2013 7:55:30 AM PDT · by whitedog57 · 6 replies
    Confounded Interest ^ | 06/26/2013 | Anthony B. Sanders
    As I discussed yesterday, rising Treasury and mortgage rates would likely lower refi applications and keep a lid on mortgage purchase applications. According to this morningís report by the Mortgage Bankers Association, the Mortgage Refinance Index decreased 5 percent from the previous week to the lowest level since November 2011. The seasonally adjusted Purchase Index increased 2 percent from one week earlier. mbastats062613 Since May 1st (Mayday!), Treasury and mortgage rates have been rising. But so have mortgage purchase applications (on average). But the rise in mortgage purchase applications is quite lackluster given the surge in house prices. mbapurch062613 But...
  • With Demographics, What's Too Young, Too Old, And Just Right For Growth?

    06/21/2013 5:46:05 AM PDT · by SeekAndFind · 5 replies
    Forbes ^ | 06/21/2013 | Jerry Bowyer
    A very important set of factors for growth and stability involves the age of the population. Three metrics stand out: First is the median age of the population. Second is the ratio of the number of underage people to those of working age. Third is the number of retirement aged people to those of working age. These metrics show that there is much more to demographics and economics than just the commonly discussed issue of the effects of too many old people depending on too few young people for public pension plans. For example, we see that the data show...
  • Can we finally stop using the DOW as a measure of our economic health?

    06/10/2013 9:10:58 AM PDT · by Oldpuppymax · 21 replies
    Coach is Right ^ | 6/10/13 | Kevin "Coach" Collins
    The New York Stock Exchange is the largest gambling casino in the world. It is a place little fish are constantly eaten up by bigger fish. The big players are willing participants in the growth and maintenance of Barack Obamaís Potemkin Village. No one intelligent enough to have their hands on a large amount of money can possibly be ignorant of the chicanery that makes the Stock Market LOOK like an accurate reflection of the health of our economy. Indeed they take their seats in Obamaís casino every day counting on the $80 Billion the Fed is creating out of...
  • Zandi: Economy To Grow At 3%+ After Bernanke Steps Down, Bank Net Interest Margins Fall

    06/04/2013 8:39:33 AM PDT · by whitedog57 · 5 replies
    Confounded Interest ^ | 06/04/2013 | Anthony B. Sanders
    According to Mark Zandi, Chief Economist for Moodyís, the economy will accelerate to 3% or more after Bernanke steps down as Federal Reserve Board Chairman. Not because Bernanke is stepping down. Rather, Zandi thinks that the economy has achieved ďescape velocity.Ē Federal Reserve Chairman Ben S. Bernanke will leave behind an economy poised to record its biggest advance in almost a decade when he makes his anticipated departure from the central bank early next year. Growth will accelerate to 3 percent or more in 2014 after averaging an annualized 2.1 percent during the first four years of the recovery, according...
  • First-Quarter Growth Revised Down as Jobless Claims Jump

    05/30/2013 7:23:22 AM PDT · by SeekAndFind · 15 replies
    Wall Street Journal ^ | 05/30/2013 | By ERIC MORATH And JEFFREY SPARSHOTT
    <p>The U.S. economy grew at a slightly slower pace than initially estimated in the first quarter and corporate profits shrank during the period, indicative of the lackluster recovery.</p> <p>Meanwhile, the number of U.S. workers seeking first-time unemployment benefits rose for the third time in four weeks, increasing by 10,000 to a seasonally adjusted 354,000 in the week ended May 25, indicating the labor market may have lost steam.</p>
  • Q1 Real GDP And Jobless Claims Miss Expectations, Commercial Construction Spending Plunges

    05/30/2013 6:40:32 AM PDT · by whitedog57 · 3 replies
    Confounded Interest ^ | Anthony B. Sanders
    US Real GDP for Q1 2013 was released this morning and printed at 2.4%. Analysts were expecting 2.5%. On the other hand, Q1 personal consumption expenditures (PCE) rose 3.4%, HIGHER than analysts forecast at 3.3%. While PCE increased, it came at the expense of personal saving. The saving rate dropped to 2.3 percent in the first quarter, compared with an initial estimate of 2.6 percent. It followed a 5.3 percent rate in the fourth quarter of 2012. So, The Fedís zero interest rate policy (ZIRP) is helping consumers borrow more to consume and save less. On the corporate side, earnings...
  • U.S. Bogus GDP Economic Growth Statistics - More Government Manipulation

    05/24/2013 4:29:32 AM PDT · by blam · 7 replies
    TMO ^ | 5-24-2013 | Gary Gately
    U.S. Bogus GDP Economic Growth Statistics - More Government Manipulation Politics / Market Manipulation May 23, 2013 - 04:16 PM GMT By: Money_Morning Gary Gately writes: America's about to become more wealthy - on paper, at least. That's because the way the country's gross domestic product, or U.S. GDP, is measured will change significantly come July 31, enough to boost the closely watched economic barometer by 3%, or $400 billion. That translates to the equivalent of about $1,500 more worth of goods and services per person in the United States. The U.S. Commerce Department's Bureau of Economic Analysis claims the...
  • MAP: Which EU Economies Are Growing?

    05/17/2013 12:14:26 PM PDT · by SeekAndFind · 6 replies
    Zero Hedge ^ | 05/17/2013 | Tyler Durden
    As Europe ends another week comfortably in the green (near all-time highs) - the short answer - not the region's longest recession in history rolls on...
  • Letís Go Crazy! France Double-Dips, Empire State Goes Negative And Mortgage Apps Fall 7.3%

    05/15/2013 6:32:11 AM PDT · by whitedog57
    Confounded Interest ^ | 05/15/2013 | Anthony B. Sanders
    This is not one of those ďeverything is beautifulĒ economic news days. First, France experienced a double dip in real GDP. This is Franceís second recession in four years with a 0.2 percent contraction. And France is helping to drag down the Euro-area into its sixth quarterly decline. The Shadow Economy is former Soviet-bloc countries remains high along with Greece, Cyprus and Malta. Hmm. The further away countries are from Brussels and Luxembourg, the greater the Shadow economies (I donít think this would surprise Nigel Farage!) Second, the Empire State Manufacturing Survey General Business Conditions SA contracted -1.43%, the first...