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Keyword: gdp

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  • The 2017-2018 economic recovery

    02/12/2018 5:48:53 PM PST · by markomalley · 5 replies
    Washington Times ^ | 2/11/18 | Peter J. Ferrara
    Whatever happened to the New Normal? First, Obama Democrats told us that what looked like long-term stagnation under President Obama’s economic policies, with growth stuck at 2 percent on average for his whole eight years in office, was the New Normal that the American people were going to have to get used to, the best we could do now.That was after the worst recession since the Great Depression, making 10 years of insignificant growth, even though the historical pattern is the worse the recession the stronger the recovery.Republicans who argued that we could still do much better with 3 percent,...
  • The Constitutional Amendment That Would Rein in Spending

    02/08/2018 5:37:54 PM PST · by Tolerance Sucks Rocks · 21 replies
    The Daily Signal ^ | February 7, 2018 | Walter E. Williams
    Some people have called for a balanced budget amendment to our Constitution as a means of reining in a big-spending Congress. That’s a misguided vision, for the simple reason that in any real economic sense, as opposed to an accounting sense, the federal budget is always balanced. The value of what we produced in 2017—our gross domestic product—totaled about $19 trillion. If the Congress spent $4 trillion of the $19 trillion that we produced, unless you believe in Santa Claus, you know that Congress must force us to spend $4 trillion less privately. Taxing us is one way that Congress...
  • Why "Gross Output" Is Way Better Than GDP At Telling Us How The Economy Is Doing

    02/08/2018 3:28:35 PM PST · by sloop3 · 9 replies
    Free Market Central ^ | 2/8/2018 | Free Market Central
    “Gross domestic product,” popularly known as GDP, measures spending on finished goods and services. GDP grew 2.6 percent in the fourth quarter of 2017 and is expected to grow far more in the first quarter of this year. But is GDP the best measure of economic activity?
  • Atlanta Fed Sees GDP Rocketing To 5.4% In First Quarter (Trumps's Economy)

    02/02/2018 5:23:03 AM PST · by blam · 9 replies
    Breitbart ^ | 2-2-2018 | John Carney
    The American economy is on track to grow at a 5.4 percent annualized rate in the first quarter of this year, the Atlanta Federal Reserve’s GDPNow forecast model showed on Monday. The regional Fed’s forecast rose from last week’s 4.2 percent growth following a report on manufacturing that showed more expansion than expected. The forecast of real consumer spending growth rose from 3.1 percent to 4.0 percent, while the forecast of investment growth soared from 5.2 percent to 9.2 percent. This is an early reading, based on just one-months data. Even the most optimistic economists do not expect the economy...
  • One of Wall Street's most-followed forecasters has a wild new prediction for US economy (Above 5%)

    02/01/2018 2:31:04 PM PST · by SeekAndFind · 4 replies
    Business Insider ^ | 02/01/2018 | Akin Oyedele
    * The Atlanta Fed's GDPNow model forecasts 5.4% gross domestic product-growth in the first quarter. * That's much higher than what even the most bullish economists expect, but is based on only one month's worth of data for the quarter. * Many economists expect the economy to grow closer to 2.5% through 2019. One model that forecasts the US economy's performance could shock even President Donald Trump if it ends up being accurate. The Atlanta Federal Reserve's GDPNow model projects that gross domestic product would increase at a 5.4% annualized rate in the first quarter. The last time the economy...
  • Atlanta Fed upgrades U.S. first-quarter GDP growth view to above 5 percent

    02/01/2018 10:42:53 AM PST · by gubamyster · 26 replies
    Reuters ^ | 02/01/2018 | Staff
    NEW YORK (Reuters) - The U.S. economy is on track to grow at a 5.4 percent annualized rate in the first quarter following the latest data on manufacturing and construction spending, the Atlanta Federal Reserve’s GDPNow forecast model showed on Thursday. The latest estimate on gross domestic product was faster than the 4.2 percent growth pace calculated on Monday, the Atlanta Fed said.
  • Atlanta Fed upgrades U.S. first-quarter GDP growth view to above 5 percent

    02/01/2018 10:15:44 AM PST · by John W · 29 replies
    Reuters ^ | February 1, 2018 | Reuters Staff
    NEW YORK (Reuters) - The U.S. economy is on track to grow at a 5.4 percent annualized rate in the first quarter following the latest data on manufacturing and construction spending, the Atlanta Federal Reserve’s GDPNow forecast model showed on Thursday.
  • Federal Reserve Latest forecast: GDP 4.2 percent — January 29, 2018

    01/29/2018 10:26:18 AM PST · by SeekAndFind · 10 replies
    The growth rate of real gross domestic product (GDP) is a key indicator of economic activity, but the official estimate is released with a delay. Our GDPNow forecasting model provides a "nowcast" of the official estimate prior to its release.Recent forecasts for the GDPNow model are available here. More extensive numerical details—including underlying source data, forecasts, and model parameters—are available as a separate spreadsheet. Latest forecast:4.2 percent —January 29, 2018 The initial GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2018 is 4.2 percent on January 29. The advance estimate of fourth-quarter...
  • Did Bureau of Economic Analysis Sandbag Report on 4th Qtr U.S. GDP ?….

    01/27/2018 6:30:03 PM PST · by a little elbow grease · 34 replies ^ | 1/27/18 | sub=ndance
    The U.S. Fourth Quarter GDP growth was reported two days ago at 2.6% and that stunned everyone who were expecting a much higher number. All U.S. economic indicators including U.S. Holiday consumer spending, which accounts for around two-thirds of total GDP, were off the charts in the fourth quarter growing +5.5% over the prior holiday.
  • Gross Domestic Product: Fourth Quarter and Annual 2017 (Advance Estimate)

    01/28/2018 5:11:30 AM PST · by tired&retired · 11 replies
    US Department of Commerce ^ | January 26, 2018 | Economic Statistics
    Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of 2017 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.2 percent. The Bureau emphasized that the fourth-quarter advance estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see "Source Data for the Advance Estimate" on page 3). The "second" estimate for the fourth quarter, based on more complete data, will be released on February 28, 2018. The increase...
  • Trump didn't get his 3%-plus economic growth for 2017, after all (The Los Angeles Times Gloats)

    01/26/2018 1:02:44 PM PST · by SeekAndFind · 54 replies
    Los Angeles Times ^ | 01/26/2018 | By MICHAEL HILTZIK
    Here's a prediction: You won't be hearing Donald Trump crowing about U.S. economic growth under his administration, at least not for a while. Since the presidential campaign, Trump and his minions have been predicting that his policies would bring an increase in annual growth of better than 3% a year. They broke out the Champagne after the figures for the second and third quarter of 2017 showed annualized growth in excess of 3%. Turns out that was premature. The first reading of real growth domestic product for the fourth quarter of 2017 was published Friday by the government's Bureau of...
  • Dimon thinks even his own economist at J.P. Morgan is dead wrong about GDP, predicts 4% U.S. growth

    01/09/2018 8:56:50 AM PST · by gubamyster · 1 replies
    Market Watch ^ | 01/09/2018 | Mark DeCambre
    Those were the thoughts of JPMorgan Chase & Co. CEO Jamie Dimon, who offered a forecast for U.S. economic growth that outstrips even some of the more bullish economists. Speaking during an interview with Fox Business’s Maria Bartiromo on Tuesday, Dimon said the recently signed tax legislation, which cuts the corporate tax rate to 21% from 35%, is likely to support higher levels for the Dow Jones Industrial Average DJIA, +0.45% the S&P 500 index SPX, +0.29% and the Nasdaq Composite Index COMP, +0.13% which have already rung up all-time highs in first several sessions of 2018, after a record-setting...
  • WANTED: Data- Obama GDP for 8 years HELP!

    12/30/2017 10:27:02 PM PST · by Para-Ord.45 · 20 replies
    December 31 2017 | self
    Can't find simple charts revealing obamas 8 years of sub 3% GDP. Can find articles but no detailed govt. source such as Dept. of Com. All help is appreciated.
  • U.S. economy grows at fastest pace in more than two years

    12/21/2017 9:52:48 AM PST · by Oldeconomybuyer · 11 replies
    Reuters ^ | December 21, 2017 | by Lucia Mutikani
    WASHINGTON - The U.S. economy grew at its fastest pace in more than two years in the third quarter, powered by robust business spending, and is poised for what could be a modest lift next year from sweeping tax cuts passed by Congress this week. Gross domestic product expanded at a 3.2 percent annualized rate last quarter, the Commerce Department said in its third GDP estimate for the period. Although that was slightly down from the 3.3 percent reported last month, it was the quickest pace since the first quarter of 2015 and was a pickup from the second quarter’s...
  • N.Y. Fed raises U.S. fourth-quarter GDP growth view to near 4 percent

    12/18/2017 6:40:14 AM PST · by Red Badger · 27 replies ^ | 12/18/2017 | Staff
    NEW YORK (Reuters) - The New York Federal Reserve on Friday raised its estimate of U.S. gross domestic product growth for the fourth quarter of 2017 closer to 4 percent, based on revisions of prior data that suggested stronger economic activities.
  • Seasons’ GREATNESS: New York Fed Nowcast Hits 4.0% GDP Growth

    12/16/2017 4:07:32 AM PST · by smileyface · 14 replies
    Breitbart ^ | Dec 15, 2017 | John Carney
    The Trump economic boom is picking up steam as American heads into the final weeks of the president’s first year in office. The Federal Reserve Bank of New York’s Nowcast, which attempts to estimate economic output based on the latest releases of data, now says GDP appears to be growing at a 4% annualized rate in the fourth quarter. That is the highest level on record for the Nowcast, which was launched just two years ago. The Nowcast was revised up primarily due to positive impacts of revisions of earlier data, the New York Fed’s website said Friday. A similar...
  • Obama Claims Credit for Booming Economy [semi-satire]

    12/09/2017 9:11:19 AM PST · by John Semmens · 6 replies
    Semi-News/Semi-Satire ^ | 10 Dec 2017 | John Semmens
    Rosy economic statistics showing a robust 3.3% annual growth in gross domestic product and an all time low in the unemployment rate for Hispanics prompted former President Barack Obama to assert that "the real credit for this good news belongs to me." "Trump wants everyone to believe that his relaxation of regulations and championing of tax cuts deserve the credit," Obama said. "What he and everyone else is overlooking is that the stringent regulations and high taxes that prevailed for my eight year term built up the 'coiled spring' pressure that, when released by Trump's moves, allowed the economy to...
  • Americans Spent $409 Billion Filing Taxes In 2016—That’s 2.2 Percent Of GDP

    12/06/2017 12:22:37 PM PST · by Thalean · 25 replies
    National Economics Editorial ^ | Dec 6, 2017 | Editorial Staff
    According to a report from the Tax Foundation, Americans spent $409 billion (2.2 percent of GDP) on tax compliance in 2016. This works out to 8.9 billion man-hours wasted preparing tax returns, which is the equivalent of roughly 4 million full time jobs. The Tax Foundation’s figure includes time spent by individuals preparing and filing their taxes, and money spent by individuals and corporations on tax services provided by accountants and lawyers. Essentially, it is wasted money. The billion dollar question: why does America waste so much money doing taxes? Because of complexity. The US Tax Code is so inordinately...
  • The Mythical 3% GDP Growth

    11/30/2017 8:18:26 AM PST · by grayhog · 14 replies
    MSNBC (video) ^ | 2/26/2017 | Stephanie Ruhle
    The Trump administration releases their budget, but the numbers are based on an major assumption. MSNBC's Stephanie Ruhle explains why relying on a 3% growth rate for our GDP is just "pie in the sky." This is a short 2 min video under their series "For Facts Sake" - have to watch it to see this smug elitist in the media. They were as confident in this as they were in Hillary winning.
  • Report: 3 Percent U.S. GDP Growth Rate Is Unrealistic

    11/30/2017 7:38:55 AM PST · by grayhog · 27 replies
    Inc. Magazine ^ | 5/19/2017 | Leigh Buchanan Editor-at-large, Inc. magazine
    The fiscal 2018 budget, due to drop Tuesday, will likely reflect assumptions that economic growth of 3 percent or more will make President Trump's spending proposals work. Those are bad assumptions, according to a new research paper from the Committee for a Responsible Federal Budget.... But the number is unrealistic, said Marc Goldwein, senior policy director at the bipartisan CRFB, in a press briefing. A more credible number is just south of 2 percent, more than a percentage point below the 3.2 percent average annual rate the U.S. has enjoyed since 1950.... "The bottom line," said Goldwein, "is we should...