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Keyword: gdp

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  • 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 nation’s 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:
  • Economic growth 1.9 percent in fourth quarter of 2016 as revision disappoints

    02/28/2017 6:29:38 AM PST · by GonzoII · 10 replies
    Washington Examiner ^ | 2/28/17 | Joseph Lawler
    The U.S. economy grew at a 1.9 percent annual pace in the last quarter of 2016, according to revised Gross Domestic Product data published by the Bureau of Economic Analysis Tuesday morning. Tuesday's report disappointed investor expectations, which were for an upward revision to 2.1 percent.
  • Stats on Obama Years Unflattering [semi-satire]

    01/31/2017 6:35:33 AM PST · by John Semmens · 1 replies
    Semi-News/Semi-Satire ^ | 29 Jan 2017 | John Semmens
    Two recent statistics on the performance of the outgoing Obama Administration do not reflect well on his time in office. On the one hand, the Obama years were the only presidential term going all the way back to FDR that failed to meet a 3% GDP annual growth rate for any year of his eight in office. Even the “malaise” of the Carter years did better. So too, did the Great Depression years of FDR’s 12-years at the helm. Despite the media’s portrayal of Obama as “one of the all-time greats,” in the Gallup poll of job approval ratings of...
  • Barack (Hussein) Obama Is Now The Only President In History To Never Have A Year Of 3% GDP Growth

    01/27/2017 8:29:14 AM PST · by blam · 20 replies
    Zero Hedge ^ | 1-27-2017 | Tyler Durden
    Following today's extremely disappointing US GDP growth data, we have the final nail in the coffin of President Obama's economic reign. Not only is the average annual growth rate of just 1.48% during Obama's business cycle the weakest of any expansion since at least 1949, he has just become the only President to have not had even one year of 3% GDP growth. An average annual GDP growth of 1.48% during Obama's two terms... As a reminder to a few blinkered media types, this means President Obama's "recovery" has officially been the worst recovery in US history (despite adding almost...
  • Trump's plans could double US GDP growth by 2018, Deutsche Bank says

    01/09/2017 12:29:24 PM PST · by RoosterRedux · 32 replies
    cnbc.com ^ | Jeff Cox
    President-elect Donald Trump's policies have the potential to trigger a new age in U.S. economic growth that could serve as a global template, according to a Deutsche Bank forecast. Gross domestic product growth would be double its current level under an agenda that cuts regulations across a broad swath of critical sectors, enacts tax reform that slashes personal and corporate taxes, and calls for at least $1 trillion in improvements for bridges, roads and other public projects. "This policy mix has the potential of reigniting productivity growth and raising U.S. growth potential," David Folkerts-Landau, chief economist at Deutsche Bank, said...
  • Why Trump's 4% GDP Will Remain Elusive: It's Not His fault, it is simply a function of math

    01/03/2017 2:26:29 PM PST · by SeekAndFind · 55 replies
    Zero hedge ^ | 01/03/2016 | Lance Roberts via RealInvestmentAdvice.com
    For the umpteenth year in a row, mainstream economists and analysts are once again planting the seeds of hope for a return to stronger GDP growth. The White House has hoped for it for the last 8 years, and now President-elect Trump is all but promising a surge in economic growth. Unfortunately, while promises are great, we must analyze the reality of attaining such a lofty resurgence.Let’s start with the Congressional Budget Office (CBO) and their projections for the next decade. This is shown in the chart below.There are several very noteworthy observations which need to be made: Real potential...
  • Stephen Moore: Yes, Trump's Economic Policies Will Double Growth and Jobs

    11/17/2016 7:42:31 AM PST · by SeekAndFind · 9 replies
    IBD ^ | 11/17/2016 | Stephen Moore
    When Donald Trump said last week that he will double the American growth rate, his skeptics scoffed. The left doesn't think 4% growth is possible, because they never came close to that target under Barack Obama. But there's no law of nature or economics that says America is doomed to anemic growth rates. We believe that with the right policy fixes, fast growth is not just possible; it's probable. In the 1980s, the Reagan agenda had quarterly growth rates of 6, 7 and even 8%. Over the course of his administration, the nation created about 2 million jobs per year....
  • Soybean Exports Were Responsible For One-Third Of American Growth In Q3

    10/28/2016 8:55:57 AM PDT · by mrsmith · 5 replies
    Zerohedge ^ | Oct 28, 2016 | Tyler Durden
    "... the spike in exports - which curiously came a time of a stronger dollar - was the highest seen in over two years, and amounted to $49 billion in chainged dollars, or roughly 41% of the nominal $119 billion annualized increase in Q3 GDP. Where it gets even more surprising is looking into just what the exported commodity was. The answer: soybeans... So according to the US government Bureau of Economic Analysis, in the quarter, goods exports amounted to $41 billion of the $119 billion chained dollar increase, while Soybeans accounted for some $38 billion of this number. Or,...
  • 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 · 18 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
    Oilprice.com ^ | 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...