Showing posts with label GDP 2024. Show all posts
Showing posts with label GDP 2024. Show all posts
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...
Friday, December 6, 2024

Rosie throws in the towel and BlackRock declares the boom and bust cycle over

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 Gee, when have we heard that before lol?
Friday, November 1, 2024

Stocks remain wildly overvalued and seriously underperforming

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 The S&P 500 averaged 5,792.32 in October 2024 (the all-time high was on 10/18 at 5,864.67). Nominal GDP was updated on Oct 30th at  $2...
Friday, October 18, 2024

We still live in a world of very diminished economic growth since The Great Recession

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Real GDP 2007-2023, 16 years, compound annual growth rate: 1.905%. All the other years, 1929-2007: 3.448%. We're behind that by almost...
Monday, July 29, 2024

The global total fertility rate has fallen to 2.25, just above the 2.1 rate considered replacement level for developed countries, because the world has grown wealthier

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  I don't know why it shocks some people that as people get wealthier they have fewer children, but it does.   Global tfr is down 53% si...
Thursday, June 27, 2024

1Q2024 GDP, third estimate, up $1.455 trillion nominal year over year, US debt to the penny up $3.128 trillion

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Thursday, May 30, 2024

Nominal GDP for 1Q2024 was revised down $28.6 billion in the second estimate today: What's the big picture?

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 Nominal GDP came in at a revised $28.255 trillion. Sounds like a lot, right? Here's the big picture. From 1947 to 2000, nominal GDP gre...
Saturday, May 4, 2024

Why it feels like a depression

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 Because average annual real GDP growth rates are so low. Between 1929 and 1945, average annual real GDP grew at a compound annual rate of 4...
Wednesday, March 20, 2024

The S&P 500 closed at a new record high today: 5224.62

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Saturday, February 24, 2024

We've been getting along with ~ 2 million farm workers for over two decades, we don't suddenly need 7.2 million new illegal aliens to help them

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