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Keyword: gdp

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  • Detroit Metro’s Economy No. 14 In U.S., Bigger Than Nation Of Chile

    09/28/2016 12:50:25 PM PDT · by MichCapCon · 16 replies
    Michigan Capitol Confidential ^ | 9/24/2016 | Tom Gantert
    The Detroit metro area has an economy that is roughly the same size as the nation of Chile, according a blog post by a free enterprise think tank. Figures collected by the federal Bureau of Economic Analysis show the Detroit-Warren-Dearborn metro area having the 14th-largest economy among the nation’s metropolitan regions, with a $246 billion gross domestic product (GDP) in 2015. To place this in perspective, the Carpe Diem blog from the Washington, D.C.-based American Enterprise Institute found that the Detroit area's economy is roughly the same size as Chile's economy, which had a GDP of $240 billion in 2015....
  • An economist boasted about the last five years' economic recovery.

    08/25/2016 9:19:02 PM PDT · by WilliamofCarmichael · 2 replies
    Federal government agencies | August 25, 2016
    but there was no reference to the federal government data I'm posting. My simple colors and symbols are superimposed on the Bureau of Economic Analysis' data to show a crude "graph" of the economic recovery. Hover to see the table numbers. Funny thing though it disappears when you include the Reagan, et al. years (shown at link).
  • Remembering the past using federal government economic data

    08/01/2016 9:13:21 AM PDT · by WilliamofCarmichael · 2 replies
    Federal government agencies ^ | August 1, 2016 | williamofcarmichael
    The Bureau of Economic Analysis (BEA) has dozens of tables. One is Contributions to Percent Change in Real Gross Domestic Product. I added color and symbols in front of the table data. Hover to see the column descriptions and table data. Well I saw what I remember from decades ago.
  • U.S. GDP Grew Just 1.2% In Q2, Far Worse Than Expected

    07/29/2016 10:18:38 AM PDT · by MulberryDraw · 17 replies
    Inverster's Business Daily ^ | 7/29/16 12:24 PM Eastern | Ed Carson
    The U.S. economy expanded at a 1.2% annual rate in the second quarter, barely improving from Q1's downwardly revised 0.8% advance, the Commerce Department said Friday. Wall Street had expected a 2.6% pace.
  • Trump and the Republican Drama Obscures the Real Crisis

    05/10/2016 4:51:25 AM PDT · by SJackson · 18 replies
    Frontnpagemagazine ^ | May 10, 2016 | Bruce Thornton
    Trump and the Republican Drama Obscures the Real Crisis The most important issue the new president will face continues to be sidelined. May 10, 2016 Bruce Thornton    Bruce Thornton is a Shillman Journalism Fellow at the David Horowitz Freedom Center. The Republican caterwauling over Donald Trump reminds me of the lyric from “That’s Entertainment”: “There’s no ordeal/like the end of Camille.” Jeb Bush, Lyndsey Graham, and Mitt Romney have announced that they will snub the GOP convention. GOP big donors are closing their wallets. Some pundits and politicians are contemplating a third-party candidate to prove the purity of...
  • Oof: U.S. GDP growth a horrendous 0.5 percent in 2016 1Q

    04/28/2016 8:58:02 AM PDT · by Sean_Anthony · 11 replies
    Canada Free Press ^ | 04/28/16 | Dan Calabrese
    The new normal: The economy is not good. The economy has not been good for the entire Obama presidency Businesses aren’t spending money. Neither are consumers. And while the unemployment rate is made to look good, record low labor-force participation tells a different story. The economy is not good. The economy has not been good for the entire Obama presidency. And while Democrats hope we’re getting used to horrendous news like this, we shouldn’t be: The U.S. economy grew at its slowest pace in roughly 2 years, climbing just 0.5 percent in the first three months of 2016.
  • US advance Q1 GDP up 0.5% vs. 0.7% expected (PATHETIC!)

    04/28/2016 5:54:35 AM PDT · by BradtotheBone · 26 replies
    CNBC.Com ^ | April 28, 2016 | Luke Sharrett
    U.S. economic growth braked sharply to its slowest pace in two years as consumer spending softened and a strong dollar continued to undercut exports, but a pick-up in activity is anticipated given a buoyant labor market. Gross domestic product increased at a 0.5 percent annual rate, the slowest since the first quarter of 2014, the Labor Department said on Thursday in its advance estimate, also as businesses doubled down on efforts to reduce unwanted merchandise clogging up warehouses. The economy was also blindsided by cheap oil, which has hurt the profits of oil field companies like Schlumberger and Halliburton, resulting...
  • The Great American Economic Growth Myth——-Real GDP Gains Since 1999 Even Lower Than 1930s

    04/20/2016 1:57:02 PM PDT · by Lorianne · 11 replies
    Contra Corner ^ | 18 April 2016 | Lance Roberts
    While economists, politicians, and analysts point to current data points and primarily coincident indicators to create a “bullish spin” for the investing public, the underlying deterioration in economic prosperity is a much more important long-term concern. The question that we should be asking is “why is this happening?” From 1950-1980 nominal GDP grew at an annualized rate of 7.55%. This was accomplished with a total credit market debt to GDP ratio of less 150%. The CRITICAL factor to note is that economic growth was trending higher during this span going from roughly 5% to a peak of nearly 15%. There...
  • Why Low Oil Prices Haven’t Helped The Economy

    04/12/2016 8:01:35 AM PDT · by bananaman22 · 36 replies ^ | 12-04-2016 | Jim
    Many analysts had anticipated that a dramatic drop in oil prices such as we’ve seen since the summer of 2014 could provide a big stimulus to the economy of a net oil importer like the United States. That doesn’t seem to be what we’ve observed in the data. There is no question that lower oil prices have been a big windfall for consumers. Americans today are spending $180 B less each year on energy goods and services than we were in July of 2014, which corresponds to about 1 percent of GDP. A year and a half ago, energy expenses...
  • GAO: US national debt approaching 100% of GDP; Unmanageable and Unsustainable

    04/08/2016 7:12:37 AM PDT · by SeekAndFind · 37 replies
    American Thinker ^ | 04/08/2016 | Rick Moran
    An auditor for the Government Accountability Office told the Senate budget committee that in the next 15-25 years, the amount of public debt will exceed all the goods and services produced by the entire U.S. economy.  Without action on the debt, the auditor said the percent of debt to GDP could rise to 200% or 300%. Washington Free Beacon: Gene Dodaro, the comptroller general for the Government Accountability Office, testified at the Senate Budget Committee to provide the results of its audit on the government’s financial books. “We’re very heavily leveraged in debt,” Dodaro said. “The historical average post-World War II...
  • To improve the economy, we don't need more govt programs, we need more entrepreneurs

    03/19/2016 11:13:19 AM PDT · by 4yourcountry · 22 replies
    Pulse ^ | 3/19/2016 | Williams
    Human beings have a restless edge, an impulse to tinker, to do things in a different way. And that fact is a huge and vital thing. Mankind is capable of original ideas, concepts that have not been conceived before—and those who attempt to suppress this create a prison of the mind and spirit. It is good to have books to read and a Rubik’s Cube to play with, but a prison it would nonetheless be if people couldn’t follow their own instincts and conscience. If they couldn’t leap into the unknown. That’s what business is all about....
  • Why Marco Rubio and Ted Cruz's Tax Plans Generate More Growth than Donald Trump's

    03/04/2016 11:42:01 PM PST · by JediJones · 104 replies
    Tax Foundation ^ | 2/26/2016 | Alan Cole
    ...our model shows more growth from the Rubio and Cruz plans than the Trump plan, even though Trump proposed a larger cut: While Donald Trump largely opted for big rate reductions across the board, Rubio and Cruz made improvements to the structure of taxes, while cutting taxes by less overall. Senators Rubio and Cruz both put thought into the nature of the taxes that businesses pay. They noticed that the current way businesses are asked to calculate taxes creates a bias in the code. When a business builds something new, like, say, a new industrial lathe, that decision actually has...
  • U.S. Has Record 10th Straight Year Without 3% Growth in GDP

    02/26/2016 2:18:46 PM PST · by Nachum · 25 replies
    cns news ^ | 2/16/16 | Terence P. Jeffrey
    ( - The United States has now gone a record 10 straight years without 3 percent growth in real Gross Domestic Product, according to data released by the Bureau of Economic Analysis. The BEA has calculated GDP for each year going back to 1929 and it has calculated the inflation-adjusted annual change in GDP (in constant 2009 dollars) from 1930 forward. In the 85 years for which BEA has calculated the annual change in real GDP there is only one ten-year stretch—2006 through 2015—when the annual growth in real GDP never hit 3 percent. During the last ten years, real...
  • US Economy Expands at Faster Pace than Expected in Fourth Quarter

    02/26/2016 6:40:57 AM PST · by SeekAndFind · 25 replies
    Transport Topics ^ | 02/26/2016
    The U.S. economy unexpectedly expanded at a faster pace in the fourth quarter than initially estimated, reflecting a higher value of business inventories. Gross domestic product, the value of all goods and services produced, grew at a 1% annualized rate, compared with an initial estimate of 0.7%, Commerce Department figures showed Feb. 26. The median forecast in a Bloomberg News survey called for a 0.4% gain. Consumer spending was revised lower. Although the economy slowed in the fourth quarter from 2% in the previous three months, growth is projected to re-accelerate this year as consumers tap into the benefits of...
  • Healthy Economic Growth Is Our Missing Ingredient

    02/07/2016 7:24:20 AM PST · by Kaslin · 6 replies ^ | February 7, 2016 | Steve Chapman
    This year's Republican presidential race has generated an unusual number of unusually bad ideas -- Donald Trump on Muslims, Ted Cruz on carpet bombing, Marco Rubio on male footwear. It has also has produced one of the best: Jeb Bush's 4 percent plan. No, that wasn't his desired share of the vote in the Iowa caucus, where he got less than 3 percent. It's his goal for annual economic growth, which he argues would "restore the opportunity for every American to rise and achieve earned success." When Bush said last June, "There is not a reason in the world why...
  • And The Biggest Contributor To U.S. Growth in 2015 Was...

    01/29/2016 9:57:51 AM PST · by SeekAndFind · 11 replies
    Zero Hedge ^ | 01/29/2016 | Tyler Durden
    By now, not even CNBC's cheerleading permabulls can deny that the US is in a manufacturing recession: in fact, it is so bad that even the staunchest defenders of Keynesian dogma admit what we said in late 2014, namely that crashing oil is bad for the economy. And yet, the "services" part of the US economy continues to hum right along, leading to such surprising outcomes as a stronger than expected print in Personal Consumption Expenditures. How can this be? Simple: one look at the chart below should explain not only how the "services" half of the US economy...
  • The U.S. economy slows to a pace of 0.7 percent in the 4th quarter of 2015

    01/29/2016 8:31:34 AM PST · by BenLurkin · 15 replies
    Wahsington Post ^ | 01/29/2016 | Chico Harlan
    The U.S. economy slowed to a crawl in the last three months of 2015, new government data showed Friday, an indication of how tepid global growth is exposing new weaknesses in the nation's long and sluggish recovery. Gross domestic product, a measure of overall output, expanded at a seasonally adjusted rate of 0.7 percent between the months of October and December - just the second time in seven quarters that the nation has registered growth under 1 percent. The pace, in line with economists' expectations, shows an economy that is being driven by steady consumer spending but weighed down by...
  • China is about to publish what's expected to be the country's worst GDP report in 25 years

    01/15/2016 2:37:19 PM PST · by SeekAndFind · 14 replies
    Business via Reuters ^ | 01/15/2016 | Balazs Koranyi, Reuter
    China is set to report its weakest full-year growth figure in 25 years on Tuesday on the back of slowing output and sagging investments, troubling news that will likely dominate discussion at the European Central Bank and Bank of Canada policy meetings. Economists said the expansion of the Chinese economy was held back by sluggish domestic and external demand, weak investments, factory overcapacity and high property inventories, which exacerbated deflationary pressures in the economy. The poor figures bolster arguments for more Chinese monetary policy easing on top of the six interest rates cuts seen since November 2014 and suggest that...
  • The Phenomena of China’s Disposable Buildings

    01/12/2016 4:27:17 AM PST · by TigerLikesRooster · 19 replies
    Epoch Times ^ | January 3, 2016 | Juliet Song
    The Phenomena of China's Disposable Buildings By Juliet Song, Epoch Times January 3, 2016 Last Updated: January 4, 2016 5:41 am Two nearly complete luxury housing estates in Tianjin, once the envy of builders because of healthy pre-sales, will be torn down due to dried up credit and multiple safety violations, Chinese media reported. In China, it is not uncommon to see relatively new buildings torn down, wasting an average of over $70 billion a year, according to research conducted by China Academy of Building Research (CABR) in 2014. The reasons for demolishing buildings early vary. The two luxury residential...
  • Recent Years' Federal Government Economic Data

    11/02/2015 5:04:29 PM PST · by WilliamofCarmichael · 2 replies
    Federal government agencies ^ | Nov. 2, 2015 | Free Republic
    This updates years 2007 - 2015 of an earlier post of Federal Government Economic Data covering several decades. Both include links to the government agencies' tables. Updates include additional foreign-born data and annualized data for 2015 using 3rd quarter data.
  • Q3 GDP Misses Expectations, Tumbles To 1.5% On Sliding Inventories

    10/29/2015 6:08:03 AM PDT · by Perdogg · 32 replies
    The long awaited inventory correction is finally arriving. Moments ago the BEA reported preliminary Q3 GDP, which at 1.49%, missed both sellside consensus expectations of 1.6%, and tumbled from the 3.9% reported in the second quarter as the quarterly volatility continues at an unprecedented pace. This was the second lowest quarterly GDP print since Q1 2014 excluding the "double seasonal adjustment" meant to cover up the collapse in Q1 2015 GDP.
  • US Third-quarter GDP lands with thud: just 1.5% growth

    10/29/2015 8:40:09 AM PDT · by SeekAndFind · 15 replies
    MarketWatch ^ | 10/29/2015 | Jeffry Bartash
    The U.S. economy cooled off in the third quarter as companies cut back production to prevent a worrisome buildup in inventories, particularly of goods destined for foreign markets. Gross domestic product — the value of everything a nation produces — rose at a 1.5% annual pace from July through September, the government said T hurs day. The U.S. had grown at a crisp 3.9% rate in the second quarter. The slowdown stemmed mostly from the biggest drawndown in inventories in three years. Companies also cut spending on structures such as oil platforms and commercial buildings. Yet even as businesses showed...
  • Top GDP Growth Rates in U.S. History

    10/07/2015 6:18:14 AM PDT · by NaturalBornConservative · 18 replies
    Natural Born Conservative ^ | October 7, 2015 | Larry Walker II
    Trump’s Dynamic Growth PoliciesBy: Larry Walker, IIIn an October 4, 2015 interview on Meet the Press, Donald Trump was asked which government programs he will cut so his tax reduction plan won’t blow a hole in the deficit.Trump’s first response described how we are going to save a lot in administrative costs by exempting millions of Americans from filing income tax returns. Under his plan, single individuals making under $25,000 and couples making less than $50,000 will not owe any income tax, and will thus not be required to file tax returns. This totally makes sense to me, as I...
  • Final 2nd-quarter GDP estimate: +3.9%

    09/26/2015 6:15:30 AM PDT · by SeekAndFind · 15 replies
    h ^ | 09/26/2015 | Steve Eggleston
    Earlier today, the Bureau of Economic Analysis released the third and final estimate of GDP growth for the 2nd quarter, and on a seasonally-adjusted, annualized basis, real GDP grew by 3.9% in the past quarter. From the BEA release: The GDP estimate released today is based on more complete source data than were available for the “second” estimate issued last month. In the second estimate, the increase in real GDP was 3.7 percent. With the third estimate for the second quarter, the general picture of economic growth remains the same; personal consumption expenditures (PCE) and nonresidential fixed investment increased...
  • China Crisis: China GDP Numbers Don’t Add Up, And That's A Problem For Anyone Doing Business There

    08/31/2015 1:44:51 PM PDT · by SeekAndFind · 14 replies
    International Business Times ^ | 08/31/2015 | By Angelo Young
    China’s official government statistics often raise eyebrows, whether it’s the health of state-owned enterprises run by bureaucrats or national unemployment figures that ignore up to 300 million internal migrant workers. But as the world's second-largest economy slows and threatens to drag the rest of the world with it, Beijing’s official gross domestic product numbers are once again under scrutiny inside and outside the country. Chinese billionaire, real estate magnate and Communist Party member Wang Jianlin was the most recent critic to tell Beijing to get real about growth. Jianlin's holdings include a stake in Spanish football club Atlético Madrid and...
  • U.S. Q2 GDP rises to 3.7% in second estimate

    08/27/2015 7:10:37 AM PDT · by SeekAndFind · 11 replies
    Hotair ^ | 08/27/2015 | Ed Morrissey
    That’s a big jump from last month’s initial estimate of 2.3%, and an even larger leap from the 0.6% GDP growth rate in Q1. A 3.7% annualized Q2 growth rate follows the same pattern of last year, when a negative Q1 led to a robust Q2 — but that ended in stagnation-level growth the rest of the year, and another wan economic annum overall. The Commerce Department credits the bump to a better mix on exports and imports and continued consumer confidence: Real gross domestic product — the value of the goods and services produced by the nation’s economy...
  • The China Syndrome: 10% annual growth rate is one of the great frauds in global economic history

    08/27/2015 7:07:41 AM PDT · by SeekAndFind · 17 replies
    American Thinker ^ | 08/27/2015 | Greg Lewis
    The ongoing stock market meltdown is just the tip of the iceberg that is the dangerously precarious China economy. The back story -- the extraordinary market manipulation that has allowed the global economy to come to this potentially disastrous pass -- is what few commentators have yet spelled out. Here are some particulars. Most of the trillions of fiat dollars the Federal Reserve Bank has pumped into the U.S. economy as part of its Quantitative Easing (QE) strategy since 2009 have gone directly into the stock market, inflating the value of stocks to unsustainable levels. The Shiller Price/Earnings Ratio has...
  • America's Faltering Economy Won't Grow Under Clinton

    07/31/2015 10:20:21 AM PDT · by Kaslin · 6 replies ^ | July 31, 2015 | Donald Lambro
    WASHINGTON - America's sluggish economy still looms over our land like a stationary dark cloud that shows no sign of moving away under the Obama administration.Our nation's second quarter growth rate, as measured by its gross domestic product, came in at a mediocre 2.3 percent -- better than the first three months of this year when the economy barely grew at a sickly 0.6 percent, but nothing to write home about.Many economists were forecasting a stronger economic revival nearer to 3 percent or more. But the economy was still being pulled down by the economic undertow of anti-investment, anti-growth, anti-job...
  • U.S. Economic Growth Picks Up With U.S. GDP Gaining 2.3% In Second Quarter 2015

    07/30/2015 7:52:22 AM PDT · by SeekAndFind · 15 replies
    Forbes ^ | 07/30/2015 | Samantha Sharf
    On Thursday, the Bureau of Economic Analysis released its advance estimate of real gross domestic product for the second quarter of this year— covering April, May and June. The release showed output in the U.S. increasing at a rate of 2.3%. This is a major acceleration from the first quarter when real GDP increased 0.6%. “The advance estimate of second quarter GDP confirmed what was broadly expected: the economy bounced back after stumbling out of the gate to start the year,” wrote Jim Baird, chief investment officer for Plante Moran Financial Advisors, in a note on the results. While economists...
  • US government revises earlier GDPs to fix anomalies in reporting

    07/30/2015 6:52:35 AM PDT · by upbeat5 · 11 replies ^ | July 30,2015 | Steve Liesman
    In the first quarter of 2014, the government sent shivers through global financial markets by reporting a recession-like contraction in the U.S. economy of 2.1 percent. Despite severe winter storms and record-breaking cold, economists still could not account for the deep plunge in growth. Even Federal Reserve officials worried something worse than just the effects of bad weather could be amiss in the economy. Turns out, it was the data itself and how the government calculates gross domestic product that were actually amiss. The Bureau of Economic Analysis, the federal agency responsible for GDP, now says growth was actually 1.2...
  • Michigan Has Third Largest GDP Growth Since Recession

    07/07/2015 9:09:08 AM PDT · by MichCapCon · 2 replies
    Michigan Capitol Confidential ^ | 7/5/2015 | Tom Gantert
    Michigan has achieved another economic milestone on the road to establishing a reputation as the comeback state. From 2009 to 2014, the state experienced the third-highest percentage increase in state gross domestic product (GDP). The state was surpassed by just two states, both with heavy exposure to a national oil drilling boom. A widely used measure of the size of an economy, GDP is defined as the monetary value of all the finished goods and services produced within a state or nation during a specific period of time. Michigan’s GDP has expanded 13.8 percent from 2009 to 2014. This far...
  • Politico Editor: Falling GDP Is Good

    06/26/2015 11:57:14 AM PDT · by PJ-Comix · 4 replies
    NewsBusters ^ | June 26, 2015 | P.J. Gladnick
    We have always been at war with Eastasia. ---Ministry of Truth, 1984. Falling GDP is good. It has always been good. And now that GDP has fallen in the first quarter and economic prospects don't look good for the near future, Politico's contributing editor, Zacary Karabell has discovered that falling GDP is good. In fact the title of this directive issued from the Politico Ministry of Truth flat out tells us that GDP’s Going Down? That’s Good!
  • Canada GDP unexpectedly shrinks in first quarter

    05/29/2015 7:43:46 AM PDT · by Oldeconomybuyer · 22 replies
    Market Watch ^ | May 29, 2015 | By Paul Vieira
    OTTAWA--The Canadian economy shrank in the first quarter, posting its worst three-month performance in the post-crisis era, as business investment plunged in response to the decline in crude prices. Canada's gross domestic product declined 0.6% on an annualized basis in the first quarter, to 1.762 trillion Canadian dollars ($1.416 trillion), Statistics Canada said Friday. Market expectations were for 0.3% advance in the January-to-March period, according to a report from Royal Bank of Canada.

    05/29/2015 5:47:11 AM PDT · by tellw · 117 replies
    AP ^ | 5/29/2015 | MARTIN CRUTSINGER
    WASHINGTON (AP) -- The U.S. economy went into reverse in the first three months of this year as a severe winter and a widening trade deficit took a harsher toll than initially estimated. The Commerce Department says the overall economy as measured by the gross domestic product contracted at an annual rate of 0.7 percent in the January-March period. The revised figure, even weaker than the government's initial estimate of a 0.2 percent growth rate, reflects a bigger trade gap and slower consumer spending. It marked the first decline since a 2.1 percent contraction in the first three months of...
  • This Is How You "Boost" GDP: US Sells Over $4 Billion In Weapons To Israel, Iran And Saudi Arabia

    05/22/2015 8:42:03 AM PDT · by SeekAndFind · 11 replies
    Zero Hedge ^ | 05/22/2015 | Tyler Durden
    War, what's it good for? Aside from countless deaths of innocent civilians of course, it means a GDP boost for the biggest exporter of weapons on earth, the United States, and even more profits for the US military-industrial complex. Profits which mean the shareholders of America's arms manufacturers get even richer. Which is why following months of middle-eastern sabre ratling and numerous quasi-wars already raging in the region, moments ago the U.S. State Department approved the sale of 10 MH-60R Seahawk helicopters to Saudi Arabia for $1.9 billion, the first step in "a major multibillion-dollar modernization of the Saudi...
  • The US Is In Recession According To These 7 Charts

    05/13/2015 8:23:50 AM PDT · by SeekAndFind · 17 replies
    Zero Hedge ^ | 05/13/2015 | Tyler Durden
    The evidence continues to mount..."Most since Lehman" has become the new meme for macro-economic data in the US as day after day brings another lacklustre superlative to be dismissed with some excuse by the cognoscenti of sell-side economists...  Of course, that is aside from anything related to aggregate jobs that is spewed by the government's official ministries of truth... (do not look at this chart)*  *  *So here are seven charts that scream "recession" is here...Retail Sales are weak - extremely weak. Retail Sales have not dropped this much YoY outside of a recession... And if Retail Sales are weak, then...
  • Actually, the US economy just shrank [Negative growth]

    05/05/2015 7:22:27 AM PDT · by SeekAndFind · 26 replies
    Business Insider ^ | 05/05/2015 | AKIN OYEDELE
    It turns out the US economy may have contracted in the first quarter. Last week, we learned that gross domestic product grew by just 0.2% in the first quarter, far below the 1% economists had expected. Then on Tuesday, the Commerce Department reported that the trade deficit in March exploded to a six-year high, $51.4 billion. The surge in the deficit — the gap between imports and exports — has been largely blamed on the nine-month slowdown at West Coast ports, which has been resolved. The slowdown and strike over a labor dispute limited the flow of goods through some...
  • Illusions of Freedom

    05/01/2015 5:44:33 PM PDT · by Sean_Anthony
    Canada Free Press ^ | 05/01/15 | Sierra Rayne
    The notion that there is a threshold above which authoritarian nations would democratize is attractive, but our experience since the end of the Cold War suggests this view is too simplistic and results in a risky foreign policy stance for the West A narrative has dominated the West’s foreign policy since the end of the Cold War: if we increase per capita GDP in authoritarian nations, they will democratize. Most notably, this doctrine was applied to China, and yet China failed to move away from its authoritarian system. Russia has gotten wealthier and returned to authoritarianism. Both nations used the...
  • The people who nailed the horrific Q1 GDP number have bad news about Q2

    04/30/2015 11:13:21 AM PDT · by SeekAndFind · 21 replies
    Business Insider ^ | 04/30/2015 | AKIN OYEDELE
    The Atlanta Fed nailed US Gross Domestic Product in the first quarter. On Wednesday, we learned that the US economy grew by just 0.2%, far below the consensus forecast for 1% growth among economists. Of the 86 economists surveyed by Bloomberg, only four estimated that GDP growth would be 0.2% or lower. The Atlanta Fed had long forecast 0.2% growth before revising it down to 0.1% after last Friday's durable goods report. And just a day after the disappointing Q1 GDP release, the Atlanta Fed has news about Q2: the economy will grow by just 0.9%, according to their latest...
  • Once Again, Economists Promise Strong Growth After A Lousy Q1

    04/30/2015 3:41:23 AM PDT · by IBD editorial writer · 62 replies
    Investor's Business Daily ^ | 04/29/2015 | John Merline
    When the 0.2% GDP growth number came out on Wednesday, economists were quick to emphasize that it was just a temporary blip. [snip] Such words would be comforting indeed if it weren't the fifth April out of the past six that economists made almost the exact same claim
  • Why America Doesn’t Grow

    04/29/2015 11:09:25 AM PDT · by SeekAndFind · 22 replies
    Townhall ^ | 04/29/2015 | Peter Morici
    In this century, economic growth has averaged 1.9 percent per year—down from the 3.4 percent the prior two decades—and anemic growth is a major force squeezing wages, the middle class and working poor. Conservatives and liberals blame too much or too little government. Either way, getting policy right is critical to restoring opportunity for everyone. Here are four issues that will be tough to solve but warrant serious attention. 1. The Baby Drought The birth rate predictably fell during the recent recession but has not recovered. At 948 children per 1000 women, fertility is below what is necessary to maintain...
  • Slouching into stagnation – advance read of 1st-quarter GDP +0.2% [The usual suspects blamed]

    04/29/2015 10:16:22 AM PDT · by SeekAndFind · 17 replies
    Hotair ^ | 04/29/2015 | Steve Eggleston
    The economic experts had anticipated the slowdown of the US economy to continue in the first quarter of 2015, after the 5.0% annualized real GDP growth in the 3rd quarter of 2014 slipped to 2.2% growth in the 4th quarter, with the consensus being +1.0% growth this past quarter. The bad news – it slowed down to 0.2%: Real gross domestic product — the value of the production of goods and services in the United States, adjusted for price changes — increased at an annual rate of 0.2 percent in the first quarter of 2015, according to the “advance”...
  • Biggest Inventory Build In History Prevents Total Collapse Of The US Economy

    04/29/2015 8:22:01 AM PDT · by SeekAndFind · 36 replies
    Zero Hedge ^ | 04/29/2015 | Tyler Durden
    While we already observed that in Q1, US GDP rose by an appalling 0.2%, far, far below the consensus Wall Street estimate (in case you missed it, here again is the one thing every Wall Street economist desperately needs) and precisely in line with the Atlanta Fed forecast which we brought attention to in early March, confirming yet again that US stocks no longer reflect any fundamentals but merely Fed and global liquidity injections, there is something far more disturbing under the surface of today's GDP report. Inventories.Specifically, the $121.9 billion increase in private, mostly nonfarm, inventories in the...
  • Economists React to the Pathetic 2015 First-Quarter GDP Report: ‘That Was Pretty Ugly’

    04/29/2015 7:11:09 AM PDT · by SeekAndFind · 25 replies
    Wall Street Journal ^ | 04/29/2015 | Sarah Portlock
    The U.S. economy all but ground to a halt in the first quarter this year, with businesses cutting investment, consumers pulling back spending and exports falling. Gross domestic product, the broadest measure of goods and services produced across the economy, expanded at a 0.2% seasonally adjusted annual rate, well below economists’ expectations of 1%. Economists on Wednesday weighed in:“In an entirely unsurprising turn of events, first quarter GDP was weaker than expected, growing just 0.2% as compared to the 1.0% rate expected. To repeat a refrain of ours, weakness in the first-quarter GDP report is not exclusive to 2015; we’ve...
  • From 1st Quarter (zero GDP or what?) to Q2 (sell in May or buy?)--Investor Thread May 5, 2015

    04/04/2015 1:03:19 PM PDT · by expat_panama · 56 replies
    Weekly investment & finance thread ^ | April 5, 2015 | Freeper Investors
      YTD  --January, February, and March 2015:   Looking ahead  --April, May, and June 2015:    Hope everyone enjoyed their first quarter!  Not bad --not only have both gold and the S&P500 come out positive but the NASDAQ punched above 3% (annualized to more than 14%) but silver's come out 6% ahead -a 26% rate/year.  Market prices are great the way we can follow up-to-the-second reports, but for stats on the general economy we'll have to wait until the folks who're paid for being smarter than us are ready to make up their minds.  What we got so far is that...
  • Federal Reserve Branch Downgrades Projected GDP Growth to 0%

    04/02/2015 10:23:48 AM PDT · by therightliveswithus · 15 replies
    The Pundit Press ^ | 4/2/2015 | Thomas
    The Atlanta Federal Reserve Bank appears to be betting against the American economy. The branch believes that the national economic growth rate has fallen dramatically. Blaming the downgrade on issues such as harsh weather, the projected growth rate has been slashed several times already, now down to zero. First quarter growth has slipped from an already anemic near 2.0% continually down. This comes as Americans have more money to spend from falling gas prices. Many factors are going into the decision, which mirrors similar moves during previous winters. The Fed believes that much of the slowdown is due to the...
  • It's Official: Fed Sees 0.0% GDP Growth In The First Quarter (NO April fools Joke)

    04/01/2015 3:22:58 PM PDT · by Perdogg · 33 replies
    zero hedge ^ | 04.01.2015
    Following this morning's construction spending release from the U.S. Census Bureau, the nowcast for real residential investment growth increased from -1.1 percent to 1.8 percent. This was more than offset by declines in the nowcasts for real nonresidential structures investment growth (-19.3 percent to -22.5 percent) and real state and local government spending growth (0.3 percent to -0.8 percent).
  • Compare current president and past presidents using federal government economic data.

    03/08/2015 9:27:20 PM PDT · by WilliamofCarmichael · 20 replies
    Federal government agencies ^ | Marrch 8, 2015 | WilliamofCarmichael
    The table that I assembled is in response to vague references that we see and hear like "the BLS said", "the WSJ said", "radio/TV/Blog/column said" . . . the table has links directly to the original data. It's too large to post repeatedly on threads though I do hope to keep it current quarterly (with annualized data) until Election 2016. And change/add columns as needed.
  • Mongolia's rapid growth masks its vulnerability {grows at 17% in H1 2011}

    08/31/2011 3:16:55 AM PDT · by Cronos · 6 replies
    Finance Asia ^ | 30 Aug 2011 | Rupert Walker
    While fears have mounted about a double-dip recession in the US and Europe, Mongolia’s small, open economy grew a staggering 17.3% year-on-year during the first half of 2011, according to a World Bank report released late last week. The country’s booming copper and coal mining industry is driving the economy, but at the same time makes it vulnerable to a global downturn. Mining comprises 22% of overall GDP and the sector expanded 40% in 2010, despite continued political controversy about how best to exploit the natural riches held in the two vast mining complexes of Oyu Tolgoi (copper) and Tavan...
  • "NowCast" Shows GDP Crumbling

    03/01/2015 3:49:50 PM PST · by Kaslin · 29 replies ^ | March 1, 2015 | Mike Shedlock
    In the wake of existing home sales reports on Monday, and new home sales yesterday, GDP and residential investment forecasts came tumbling down. Check out the latest "GDP Nowcast" from the Atlanta Fed. "The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2015 was 1.7 percent on February 26, down from 1.9 percent on February 18. The first-quarter nowcast for real residential investment growth fell from 11.1 percent to 2.3 percent following Monday's existing-home sales release from the National Association of Realtors and yesterday morning's releases on sales and construction costs of...