Showing posts with label BEA. Show all posts
Showing posts with label BEA. Show all posts
Thursday, June 26, 2025

1Q2025 real GDP revised down 0.3 to -0.5 in third and final estimate on an increase in imports front-loaded into 1Q to avoid Trump's tariffs

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 Real gross domestic product (GDP) decreased at an annual rate of 0.5 percent in the first quarter of 2025 (January, February, and March), a...
Thursday, March 27, 2025

Real GDP update for Mar 27, 2025

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 The third report for real GDP for 4Q2024 and full year 2024 was released today here . The annual rate of economic growth in 4Q was 2.4%, an...
Friday, March 21, 2025

This greaseball billionaire Commerce Secretary Howard Lutnick thinks missing a Social Security check, something that never happens, would be no big deal

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Howard is otherwise busy firing people and disbanding volunteer industry groups who help the government create important statistics and guid...
Thursday, January 30, 2025

On the surface today's report of real gross domestic product is actually pretty good

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   The first estimate of real GDP for 4Q2024 and for annual 2024 has been reported here , 2.3% and 2.8% respectively. On a big picture bas...
Thursday, August 22, 2024

This conservative outrage machine story yesterday and today about Commerce Secretary Raimondo has got to be the dumbest one I've heard in a long time

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 She was asked an ignorant question. Why would the Commerce Secretary have something timely to say about employment revisions released by th...
Thursday, October 26, 2023

Tell me, Bwana: What mean GDP, why important?

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 Bureau of Economic Analysis this morning here : 3Q2023 nominal GDP , first estimate: $27.6235 trillion Nominal increase year over year in 3...
Thursday, June 29, 2023

The recession is delayed, again

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  1Q2023 GDP, third estimate: +2.0% annualized rate Nominal: $26.5298 trillion Nominal change yoy 1Q: 7.23% Real: $20.2828 trillion Real ch...
Thursday, July 28, 2022

The compound annual growth rate for US real GDP over the last 23 years continues almost 44% off the 1929-1999 rate of 3.53%

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Recent US GDP: Nominal / Real 4Q2021: $24.0028 trillion / $19.8063 trillion 1Q2022: $24.3867 trillion / $19.7279 trillion 2Q2022: $24.8518 t...
Saturday, July 16, 2022

LOL, on Tuesday July 12th Joe Biden told the president of Mexico in a meeting that America has the fastest growing economy in the world

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  Biden, once López Obrador finished, reminded him that America's economy is the fastest growing in the world, while showing no umbrage...
Sunday, July 11, 2021

In 2020 global debt to global GDP soared to 356%

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Global debt finished 4Q at $281 trillion:  3.56x = $281 trillion, so x = $78.93 trillion global GDP. US GDP in 2020 was $20.9 trillion, TC...
Friday, May 1, 2020

South Korea today has 0.0002 confirmed coronavirus cases per million population, America has 0.0033, 16.5x as many

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South Korea's first coronavirus infection was reported on the same day as America's first infection, but South Korea practiced stri...
Friday, May 4, 2018

The crisis in growth of personal income since 2007 shows why it feels like a depression

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The 13.9% growth of personal income between 2007 and 2017 is the worst since the Great Depression and is 60% off the average growth rate o...
Saturday, November 4, 2017

How to tax the rich and only the rich as originally intended in 1913, and solve a lot of problems

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In 1913 when the average Joe made about $800 a year, the first income tax under the 16th Amendment didn't worry him because he didn...
Monday, October 26, 2015

The unending fascination of Sarah Palin for little Democrat minds

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Dunderhead Democrat Party hack William Daley is stuck on stupid. Here  he is in full flutter in WaPo, like a moth drawn to a lightbulb...
Wednesday, April 29, 2015

Total crap: CNBC/Reuters blaming the weather for another GDP miss

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The story is here . Just how bad was the winter? Out of 69 winters in the post-war 2015 ranked 22nd worst for heating degree days, a...
Tuesday, December 23, 2014

Zero Hedge gets ObamaCare spending all wrong, again

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The latest screed is here , claiming that healthcare spending is "the reason" behind the surge in Q3 GDP. From the BEA here ...
Thursday, August 28, 2014

2Q2014 GDP, second estimate, at 4.2% vs. 4.0% in advance estimate and -2.1% in 1Q2014

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If today's report of GDP holds up in the final estimate of 2Q2014 GDP about a month from now, Obama will have racked up just three quart...
Wednesday, August 27, 2014

Congressional Budget Office quietly predicts 1.5% real 2014 GDP one day before BEA.gov announcement

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Is 2Q2014 GDP of 4% just a memory? The Canadian Broadcasting Corporation (!) had the story here : "The Congressional Budget Office on W...
Saturday, August 2, 2014

A broad measure of market valuation flashes higher warning: 2Q2014 total stock market capitalization to GDP ratio

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Now that 2Q2014 GDP is in, it's time to look at the ratio of total stock market capitalization to GDP. Using the Wilshire 5000 as a prox...
Wednesday, July 30, 2014

2Q2014 GDP comes in at 4% in first estimate, 1Q adjusted again in the comprehensive annual revision to -2.1%

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Reuters points out here that growth in the first half now comes to . . . 0.9%: "The economy grew 0.9 percent in the first half of this...