Free Republic 4th Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $18,499
21%  
Woo hoo!! And the first 21% is in!! Thank you all very much!! God bless.

Keyword: gdp

Brevity: Headers | « Text »
  • GDP Is Bogus: Here's Why

    10/19/2017 10:36:30 AM PDT · by SeekAndFind · 16 replies
    Of Two Minds ^ | 10/19/2017 | Charles Hugh Smith
    The rot eating away at our society and economy is typically papered over with bogus statistics that "prove" everything's getting better every day in every way.The prime "proof" of rising prosperity is the Gross Domestic Product (GDP), which never fails to loft higher, with the rare excepts being Spots of Bother (recessions) that never last more than a quarter or two. Longtime correspondent Dave P. ofMarket Daily Briefingrecently summarized the key flaw in GDP:GDP doesn't reflect changes in thebalance sheet, i.e. debt. So if we borrow money to pay people to dig holes and then fill them with the excavated...
  • This Economy is 'Trump Strong'

    10/07/2017 5:04:45 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | October 7, 2017 | Wayne Allyn Root
    There's been a lot of negative stories in the news. Have you noticed? America needs to heal. We have suffered four consecutive body blows in the past six weeks. Hurricane Harvey, Hurricane Irma, Hurricane Maria and now the Vegas mass murder. The media lives by the mantra “If it bleeds, it leads.” And they have served us nonstop headlines of crisis, death, and destruction. But amidst all these negative headlines, we missed some remarkable positive economic news. What Vegas and America need now is some great news. The kind of news that makes you smile and pound your fist in the air....
  • Inflation is Coming, Inflation is Coming!

    09/23/2017 6:24:24 AM PDT · by Kaslin · 69 replies
    Townhall.com ^ | September 22, 2017 | Dan Celia
    All around the Federal Reserve building, someone for years has been riding his horsea la Paul Reverecrying out in excitement over the notion that 2 percent inflation is finally coming. This week, Janet Yellen has finally gotten to where many other Central Bankers around the world already areits not happening. Were not even close. Especially since we havent seen any real, sustainable increases in the Producer Price Index (PPI) or the Consumer Price Index (CPI). Indeed, the European Central Bank leaders (along with the Fed) have been throwing everything they possibly can at inflation, and it doesnt seem to move....
  • Why We're Doomed: The point is the present system cannot endure

    09/01/2017 8:44:20 AM PDT · by SeekAndFind · 13 replies
    Of Two Minds ^ | 08/31/2017 | Charles Hugh Smith
    Authored by Charles Hugh Smith via OfTwoMinds blog,The point is the present system cannot endure.Despite all the happy talk about "recovery" and higher growth, wages have gone nowhere since 2000--and for the bottom 20% of workers, they've gone nowhere since the 1970s.Gross domestic product (GDP) has risen smartly since 2000, but the share of GDP going to wages and salaries has plummeted: this is simply an extension of a 47-year downtrend.Last month I posted one reason Why We're Doomed: Our Economy's Toxic Inequality (August 16, 2017). The second half of why we're doomed is stagnant wages. Why do stagnating...
  • GDP Increases 3% in Second Quarter, More Than Double The Growth Seen in First Quarter

    08/30/2017 10:16:36 AM PDT · by ForYourChildren · 37 replies
    Washington Free Bacon ^ | 08/30/2017 | Ali Meyer
    GDP growth also exceeded economists' expectations! The U.S. economy expanded in the second quarter of 2017 as real gross domestic product grew at a rate of 3 percent, according to the second estimate released by the Bureau of Economic Analysis. Real GDP represents the value of the production of goods and services in the economy and is adjusted for inflation. The second quarter growth in 2017 of 3 percent, which includes performance from April, May, and July, more than double the 1.2 percent growth seen in the first quarter of 2017. According to economists surveyed by Reuters, second quarter growth...
  • U.S. GDP Grows 2.6 Percent, More Than Double Q1

    07/28/2017 12:32:03 PM PDT · by SeekAndFind · 13 replies
    INC. ^ | 07/28/2017 | By Martin Crutsinger AP Economics Writer
    <p>The U.S. economy revved up this spring after a weak start to the year, fueled by a surge in consumer spending. But the growth spurt still fell short of the optimistic goals President Donald Trump hopes to achieve through tax cuts and regulatory relief.</p>
  • Evans 5 Simple Rules for a Vibrant Economy

    07/26/2017 1:25:45 PM PDT · by Academiadotorg · 12 replies
    Accuracy in Academia ^ | July 26, 2017 | Malcolm A. Kline
    Last week, a dear friend of Accuracy in Academia, author M. Stanton Evans (1934-2015), would have turned 83. Although he focused most of his energies in his later years on researching and writing about the history of espionage and internal security in the United States, he had quite a background in economics as well, much to the benefit of his readers over the course of his career. Indeed, he studied under the noted Austrian economist Ludwig von Mises. On at least half a dozen occasions, I heard him outline what he saw as five essentials for a functioning economy. They...
  • Economic Output: If Each State in the USA Were Countries, California Would be France

    07/17/2017 1:09:25 PM PDT · by SeekAndFind · 28 replies
    Newsweek ^ | 6/11/16 | BY MARK J. PERRY
    (Note: The map above and post and table below have been slightly updated to reflect new, more complete, and revised state GDP data for 2015 that were released today by the BEA. The previous post was based on preliminary data through the third quarter of last year.)The map above (click to enlarge) was created (with assistance from AEI’s graphic design director Olivier Ballou) by matching the economic output (GDP) in each US state (and the District of Columbia) in 2015 to foreign countries with comparable nominal GDP last year, using data from the BEA for GDP by US state and...
  • The infrastructure myth

    06/21/2017 9:49:28 PM PDT · by Tolerance Sucks Rocks · 16 replies
    The Lagniappe Weekly ^ | June 21, 2017 | Jeff Poor
    Throughout the 2016 campaign and into the early stages of his presidency, Donald Trump vowed to make infrastructure improvements around the country. The promise was all part of his brand of populism spend more money domestically and less abroad. America first. We need members of both parties to join hands and work with us to pass a $1 trillion infrastructure plan to build new roads and bridges and airports and tunnels and highways and railways all across our great nation, Trump pledged at a campaign rally in Melbourne, Florida, earlier this year. Given Trumps Russia investigation toxicity, it will...
  • Connecticuts Tax Comeuppance

    06/03/2017 12:23:51 PM PDT · by Hojczyk · 16 replies
    Wall Street Journal ^ | June 2,2017 | WSJ
    According to the fiscal analyst, income-tax collections declined this year for the first time since the recession due to lower earnings at the top. Many wealthy residents decamped for lower-tax states after Mr. Malloy and his Republican predecessor Jodi Rell raised the top individual rate on more than $500,000 of income to 6.99% from 5%. In the past five years 27,400 Connecticut residents, including Ms. Rell, have moved to no-income-tax Florida, and seven of the states eight counties have lost population since 2010. Population flight has depressed economic growthConnecticuts real GDP has shrunk by 0.1% since 2010as well as home...
  • Atlanta Fed raises U.S. second-quarter GDP growth view to 4.0 percent

    06/02/2017 3:09:02 AM PDT · by markomalley · 33 replies
    Reuters ^ | 6/1/17
    The U.S. economy is expected to grow at a 4.0 percent annualized pace in the second quarter based on the latest data on factory activity, construction and consumer spending released this week, the Atlanta Federal Reserve's GDP Now forecast model showed on Thursday.
  • Q1 GDP Stuck at 1.2%

    05/26/2017 3:45:32 PM PDT · by ForYourChildren · 13 replies
    CNS News ^ | 05/26/2017 | Terence P. Jeffrey
    The Bureau of Economic Analysiss advance estimate of real gross domestic product in the first quarter of 2017, which was released in April, had the U.S. economy growing at an annual rate of just 0.7 percent. The BEAs second estimate, which is based on more complete source data and which was released today, increases the estimate for the annual rate of first quarter growth in real GDP to only 1.2 percent. In the last quarter of 2016, according to the BEA, real GDP grew at an annual rate of 2.1 percent, while for all of 2016 it grew at only...
  • The Economy Needs More Workers; Trump's Budget Cuts Would Produce Them

    05/23/2017 4:31:07 AM PDT · by IBD editorial writer · 46 replies
    Investor's Business Daily ^ | 5/22/2017 | Staff
    Growth: Economists are saying that a big problem the economy faces right now is a lack of available workers. If that's the case, then the welfare reforms in President Trump's budget would be a big part of the solution. A front-page New York Times article Sunday says that "the main economic concern" these days "is no longer a lack of jobs, but a lack of workers." The Times reports that almost a third of the 388 metropolitan areas tracked by the Bureau of Labor Statistics have an unemployment rate below 4%. As a result, the story goes on, there's little...
  • Sorry, But Calling Weak Q1 GDP A 'Report Card' On Trump Is Absurd

    04/29/2017 4:32:10 AM PDT · by IBD editorial writer · 22 replies
    Investor's Business Daily ^ | 4/28/2017 | Staff
    Media Bias: The economy's weak 0.7% growth in the first quarter was disappointing, to say the least, the worst gain in three years. But to the Trump-despising big media, it seems, it's really a sign of his failure. CBS and the Associated Press tell us the first quarter's "lackluster beginning ... marks the first quarterly economic report card for President Donald Trump, who has vowed to rev up the U.S. economy." The Wall Street Journal, which should know better, called the number "the broadest report card on the economy in the nearly 100 days since President Donald Trump took office...
  • U.S. economy bogs down in first quarter with slowest growth in 3 years, GDP shows

    04/28/2017 10:33:07 AM PDT · by mikelets456 · 9 replies
    Market watch ^ | 4/28/2017 | Market watch
    The governments official scorecard for the U.S. economy in the first quarter pointed to the weakest growth in three years, but the slowdown appeared tied to temporary effects that are likely to give way a rebound in the coming months. Gross domestic product increased at a meager 0.7% annual pace in the first three months of the year, down from 2.1% and 3.5% in the back half of 2016. Economists polled by MarketWatch had forecast a 0.9% increase. In recent trading, the Dow Jones Industrial Average DJIA, -0.15% and the S&P 500 index SPX, -0.15% fell slightly.
  • US economic growth weakened to 0.7 percent in first quarter of 2017

    04/28/2017 7:32:29 AM PDT · by SeekAndFind · 43 replies
    Fox News ^ | 04/28/2017 | By MARTIN CRUTSINGER
    WASHINGTON The U.S. economy turned in the weakest performance in three years in the January-March quarter as consumers sharply slowed their spending. The result underscores the challenge facing President Donald Trump in achieving his ambitious economic growth targets. The gross domestic product, the total output of goods and services, grew by just 0.7 percent in the first quarter following a gain of 2.1 percent in the fourth quarter, the Commerce Department reported Friday. The slowdown primarily reflected slower consumer spending, which grew by just 0.3 percent after a 3.5 percent gain in the fourth quarter. It was the poorest...
  • College President Wary of Big Government

    04/05/2017 8:06:25 AM PDT · by Academiadotorg · 2 replies
    Accuracy in Academia ^ | April 5, 2017 | Malcolm A. Kline
    That alone is a newsflash. Usually, college presidents approach big government with their hands out. At the Cato Institute on March 30, 2017, Mark Zupan, president of Alfred University, noted that trust in government is at an all-time low. It currently runs at 19 percent, down from 66 in the 1960s. Dr. Zupan is the author of Inside Job: How Government Insiders Subvert the Public Interest, published this year by Cambridge University Press. "In the developed world, government now includes 50 percent of Gross Domestic Product (GDP) and 28 percent of the workforce," Dr. Zupan said at Cato. He notes...
  • GDPNow Latest forecast: 1.0 percent - March 24, 2017

    03/26/2017 4:06:17 AM PDT · by entropy12 · 21 replies
    Safehaven ^ | Sat March 25 | Mike Shedlock
    The Atlanta Fed GDPNow Model inched up to 1.0% from 0.9% on Friday. Nothing much mattered since a week ago. The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2017 is 1.0 percent on March 24, up from 0.9 percent on March 16. The forecast for first-quarter real nonresidential equipment investment growth increased from 7.3 percent to 7.8 percent after this morning's durable manufacturing report from the U.S. Census Bureau. The forecast of the contribution of inventory investment to first-quarter growth increased from 0.87 percentage points to 0.77 percentage points after last...
  • Atlanta Fed Slashes Q1 GDP Forecast To Just 0.9% Hours Before Fed Rate Hike -

    03/15/2017 5:18:31 PM PDT · by PK1991 · 23 replies
    ZeroHedge ^ | 3/15/17 | Tyler Durden
    "While it may not be the very definition of irony, we do find the fact that the Atlanta Fed has just cut its Q1 GDP forecast from 1.2% to 0.9%, a number which if confirmed would be the lowest quarterly print in year, just two hours before the Fed's rate hike quite humorous. As a reminder, the number was as high as 3.4% one and a half months ago."
  • Just so you know: Total U.S. debt and other obligations now total $69 trillion

    03/13/2017 9:23:16 AM PDT · by Sean_Anthony · 16 replies
    Canada Free Press ^ | 03/13/17 | Dan Calabrese
    That's 370 percent of GDP, but hey, why change anything we're doing? Exceptional work here from economics writer George Melloan, a one-time member of the Wall Street Journal editorial board and an one of the few who really understands the role currency, interest rates and the Federal Reserve plan in setting the nations fiscal course. But within a piece that deals with a fair amount of esoterica, Melloan almost matter-of-factly gives us a jaw-dropping fact: This nation is absolutely drowning in debt: