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Keyword: gdp

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  • That’s Bidenomics! US Leading Indicators Decline For 22nd Straight Month, Back To March 2006 Levels

    02/20/2024 12:32:13 PM PST · by Kaiser8408a · 8 replies
    Confounded Interest ^ | 02/20/2024 | Anthony B. Sanders
    That’s Bidenomics for you! The Conference Board’s Leading Economic Indicators (LEI) continued its decline in January, dropping 0.4% MoM (notably worse than the -0.1% MoM expectations), and December’s 0.1% declin e was revised down to a 0.2% decline. The biggest positive contributor to the leading index was stock prices (again) at +0.10 The biggest negative contributor was average workweek at -0.18 This is the 22nd straight MoM decline in the LEI (and 23rd month of 25) – equaling the longest streak of declines since ‘Lehman’ (22 straight months of declines from June 2007 to April 2008) “The U.S. LEI fell...
  • Financial Markets And Real Estate Home Daddy (Ukraine) Warbucks Biden’s Hideous Debt Mess! (Biden Has Added $6.5 Trillion In Debt With Only $1.95 Trillion In Real GDP Growth As Jobs Report Reveals Weakness In Economy)

    02/10/2024 2:38:01 AM PST · by Kaiser8408a · 4 replies
    Confounded Interest ^ | 02/10/2024 | Anthony B. Sanders
    I watched Tucker Carlson’s interview with Russian President Vladimir Putin. Putin is an amazing contrast to our 81-year old President with dementia who can barely speak while Putin was articulate. Not at all what Hillary Clinton was raving about (she is still furious about losing to Trump after losing to Obama). One thing that caught my attention was Putin talking about The Fed’s endless printing of money. Well, THAT is how the US grows GDP these days. Borrow and spend with the private sector as an after thought. Let’s revisit the HORRIBLE jobs report from December. Not only were all...
  • Simply Unsustainable! GDP Grew By $182.6 Billion While Public Debt Grew By $834 Billion In Q4 (Public Debt By 4.5 Times GDP Growth)

    01/25/2024 10:25:47 AM PST · by Kaiser8408a · 10 replies
    Confounded Interest ^ | 01/26/2024 | Anthony B. Sanders
    Biden and Congress’ insane spending and debt issuance are simply unsustainable. Isn’t it wonderful to be 81 years old like Biden and a have a credit card with seemingly no credit limit? And partner with other octogenarians like Pelosi and McConnell to bankrupt the US? Free-spending US Senate Demagogue Democrat Chuck Schumer is only 73. But all these elderly politicians are heaping debt on to backs of younger Americans. The “surprise” Q4 GDP report showed GDP rising by $182.6 billion. Unfortunately, Biden had to borrow $834 billion to get $182.6 in GDP. Graphically, we can Biden’s folly where Q4 public...
  • The Amazing, Pre-Downward Revision, Advanced GDP Report! Surprise GDP Driven By Cousin Eddies Fueled By Massive Debt

    01/25/2024 7:24:57 AM PST · by Kaiser8408a · 2 replies
    Confounded Interest ^ | 01/25/2024 | Anthony B. Sanders
    To quote Cousin Eddie from Christmas Vacation, “That there’s an RV.” Recreational goods and vehicles (aka, RVs) were second in Personal Consumption spending after America’s overpriced healthcare. Spending on RVs makes sense since housing has become unaffordable for millions of households under Bidenomics. The increase in real GDP reflected increases in consumer spending, exports, state and local government spending, nonresidential fixed investment, federal government spending, private inventory investment, and residential fixed investment (table 2). Imports, which are a subtraction in the calculation of GDP, increased. The increase in consumer spending reflected increases in both services and goods. Within services, the...
  • Economic Warning: With GDP and GDI divergence, a record-low 10% of companies strong, and 96% of Americans concerned, signs indicate trouble ahead.

    12/09/2023 4:02:13 PM PST · by davikkm · 15 replies
    When Gross Domestic Income (GDI) and Gross Domestic Product (GDP) part ways, it’s a red flag. Contrary to popular belief, Fed rate drops often precede stock plunges, signaling economic slowdown. A staggering 96% of Americans worry about the economy, per Intuit Credit Karma. Unprecedentedly, less than 10% of companies boast strong Altman Z-scores, reflecting a concerning financial landscape. November’s Commercial Chapter 11 bankruptcies spiked 141% YoY to 842, per Epiq Bankruptcy. The 30-day z-score on the $spx indicates a bearish trend.
  • Where Has All The GDP Gone? US Q3 Real GDP Revised Upwards To 5.2%! But Real Hourly Earnings Only 0.6% YoY (Home Prices Hit All-time High)

    11/29/2023 6:28:18 AM PST · by Kaiser8408a · 8 replies
    Confounded Interest ^ | 11/29/2023 | Anthony B. Sanders
    Where has all the GDP gone? Not to wages. As expected, Q3 Real GDP was revised upwards to 5.2% annualized. Of course, this shatters JKP’s talking points that Biden inherited a train wreck of an economy from Trump. Q3 2020 Real GDP grew at over 30%. And on a year-over-year (YoY) basis, US real GDP grew at 3.0% in Q3. Unfortunately, real hourly compensation grew at a measly 0.6% YoY. Meanwhile, home prices have hit an all-time high. Too bad real wages are so low.
  • ECONOMY U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected

    11/16/2023 1:04:53 PM PST · by central_va · 41 replies
    cnbc ^ | 10/26/23 | Jeff Cox
    POINTS Gross domestic product, a measure of all goods and services produced in the U.S., rose at a 4.9% annualized pace in the third quarter, ahead of the 4.7% estimate. The sharp increase came due to contributions from consumer spending, increased inventories, exports, residential investment and government spending. While the report could give the Fed some impetus to keep policy tight, traders were still pricing in no chance of an interest rate hike when the central bank meets next week.
  • U.S. GDP Hides Weakness Behind Massive Debt: America is Living on Borrowed Time

    10/30/2023 8:37:25 AM PDT · by SeekAndFind · 20 replies
    The United States is borrowing its way to disguise recession.The headline economic figures for the United States look robust. However, details show concerning weaknesses.Real GDP growth surged to 4.9% in the third quarter, above the consensus estimate of 4.5%. However, some analysts, including Bloomberg, expected up to 5% growth based on the nowcast estimates.United States unemployment is also low, at 3.8%, but real wage growth remains negative, according to the Bureau of Labor Statistics. Between September 2022 and the same month of 2023, the decrease in real average weekly earnings was 0.1%. This means that a tight labor market is...
  • Slippin’ Into Darkness! St Louis Fed Nowcast Q3 GDP Growth At -0.07% As M2 Money Growth Collapses (While Atlanta Fed GDPNow At 5.6% Growth?)

    09/05/2023 10:15:56 AM PDT · by Kaiser8408a · 11 replies
    Confounded Interest ^ | 09/05/2023 | Anthony B. Sanders
    Slippin’ into darkness! Bidenomics, that is! Joe Biden is not a friend of the US middle class. The St Louis Fed’s real time GDP tracker known as Nowcast has Q3 GDP at -0.07%. This happening at M2 Money growth collapses. If you want to feel good, check out Atlanta Fed’s GDPNow estimate (housing economist Raphael Bostic is its President) which has Q3 GDP at 5.6%. When will The Fed return to it low riding rates days? Reverend Biden.
  • About That Legendary Jobs Market Under Bidenomics! ADP Jobs Added “Underwhelming” In August As Job Openings (JOLTs) Collapse

    08/30/2023 10:23:25 AM PDT · by Kaiser8408a · 4 replies
    Confounded Interest ^ | 08/30/2023 | Anthony B. Sanders
    Billions Biden, the President who loves to (recklessly) spend taxpayer money (mostly on large donors). is going to have difficuly spinnig the latest employment figures. First, ADP jobs added only 177k jobs in August. Second, job openings (JOLTs) are collapsing (blue line) while the S&P 500 index keeps climbing (orange line). The face of Bidenomics. The high Priestess of BIG GOVERNMENT and oppression.
  • US Q2 GDP Revised Sharply Downwards To 2.1% (We Got Trouble In Potomac City!)

    08/30/2023 8:20:35 AM PDT · by Kaiser8408a · 6 replies
    Confounded Interest ^ | 08/30/2023 | Anthony B. Sanders
    Bidenomics has a new themesong! We got trouble in Potomac City (aka, Washington DC). US Q2 GDP was revised sharply downwards to 2.1% QoQ. Much lower than the expected 2.4% QoQ. Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the second quarter of 2023, according to the “second” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.0 percent. The GDP estimate released today is based on more complete source data than were available for the “advance” estimate issued last month. In the advance estimate, the increase in...
  • Visualizing the Future Global Economy by GDP in 2050

    08/24/2023 9:53:50 PM PDT · by SeekAndFind · 8 replies
    Visual Capitalist ^ | 08/24/2023 | Marcus Lu
    According to a recent report from Goldman Sachs, the balance of global economic power is projected to shift dramatically in the coming decades.More specifically, analysts believe that Asia could soon become the largest regional contributor to world GDP, surpassing the traditional economic powerhouses grouped together in the Developed Markets (DM) category.In the graphic below, Visual Capitalist's Marcus Lu visualizes Goldman Sachs’ real GDP forecasts for the year 2050 using a voronoi diagram.Data and HighlightsThe following table includes a regional breakdown of expected real GDP in 2050. All figures are based on 2021 USD.Based on these projections, Asia (ex DM) will...
  • Bidenomics: The Good, The Bad And The Ugly (Atlanta Fed GDP At 4.12% For Q2, Bank Credit Growth Goes Negative, Confernce Board Leading Indicator Goes Negative, REAL Gross Domestic Income Growth = -0.82%)

    08/12/2023 8:25:01 AM PDT · by Kaiser8408a · 6 replies
    Confounded Interest ^ | 08/12/2023 | Anthony B. Sanders
    Bidenomics, which is also Yellenomics (the former Fed Chair and current Treasury Secretary) has The Good, The Bad and The Ugly to say for it. First, The Good! The Atlanta Fed’s GDP Now real time GDP tracker has Q3 GDP at … 4.12%. Pretty good, but bear in mind that there is still more than $8 trillion in Fed Monetary Stimulus outstanding (aka, Yellenomics). Second, The Bad. Bank credit growth is now negative. As lenders are tightening credit standards for commercial and industrial loans. The ugly? There are several candidates for this dishonor. One, The Conference Board’s leading economic indicators...
  • Is That All There Is? US Avoids Recession As Real GDP Rises 2.4% In Q2 As Debt-To-GDP Hits 124% (10Y-2Y Curve Rises To … -97.952 BPS)

    07/27/2023 7:07:56 AM PDT · by Kaiser8408a · 13 replies
    Confounded Interest ^ | 07/27/2023 | Anthony B. Sanders
    As Peggy Lee warbled, “Is that all there is?” Both The Federal government and Federal Reserve went wild with stimulus surrounding the Covid economic shutdown in 2020. The excessive reaction function is still working its way through the economy and we finally got Q2 Real GDP QoQ of 2.4%! But seriously, is that all we got from an increase in public debt of 39% since January 2020, and M2 Money increased 36%. And, of course, The Federal Reserve double their balance sheet from 2020 to today … and are slow walking its removal. So, with Biden’s insane green spending and...
  • MARKETSVisualized: The U.S. $20 Trillion Economy by State

    07/23/2023 3:25:30 PM PDT · by thegagline · 9 replies
    Visual Capitalist ^ | 07/19/2023 | Avery Coop
    A sum of its parts, every U.S. state plays an integral role in the country’s overall economy. Texas, for example, generates an economic output that is comparable to South Korea’s, and even a small geographical area like Washington, D.C. outputs over $129 billion per year. *** California is by far the biggest state economy in the U.S. at $2.9 trillion in real GDP—and when comparing its nominal value ($3.6 trillion) with national GDPs worldwide, the Golden State’s GDP would rank 5th overall, just below Germany and Japan. *** Altogether, California, New York, and Texas account for almost one-third of the...
  • Aid to Ukraine by Country Cumulative as of May 31, 2023

    07/21/2023 4:01:15 AM PDT · by buwaya · 31 replies
    Kiel Institute ^ | 7/21/2023 | buwaya
    Kiel Institute support tracker from downloaded data XLS file. All aid to Ukraine cumulative from 2/22/2022 to 5/31/2023 Country $billion %GDP Australia 0.46 0.03 Austria 2.04 0.43 Belgium 1.90 0.32 Bulgaria 0.48 0.57 Canada 5.73 0.29 Croatia 0.36 0.53 Cyprus 0.06 0.22 Czech Republic 1.57 0.56 Denmark 3.01 0.76 Estonia 0.54 1.46 EU (Commission and Council) 29.84 0.17 Finland 1.97 0.66 France 8.11 0.27 Germany 19.58 0.46 Greece 0.74 0.34 Hungary 0.48 0.27 Iceland 0.03 0.13 Ireland 0.84 0.17 Italy 6.28 0.30 Japan 7.19 0.15 Latvia 0.51 1.28 Lithuania 0.76 1.14 Luxembourg 0.22 0.26 Malta 0.03 0.19 Netherlands 7.24 0.71...
  • Korea's household debt-to-GDP ratio highest among 34 major economies (US#4)

    06/11/2023 6:07:31 PM PDT · by RomanSoldier19 · 3 replies
    https://koreatimes.co.k ^ | June 12, 2023 | By Anna J. Park
    Korea's household debt-to-gross domestic product (GDP) ratio was the highest among the world's 34 major economies in the first three months of this year, data showed Monday. This has raised concerns that banks and other financial firms may face higher default rates amid higher interest rates and deepening economic warning signs. According to the latest Global Debt report by the Institute of International Finance (IIF) on Monday, the country's household debt-to-GDP ratio stood at 102.2 percent, topping the list, followed by Hong Kong at 95.1 percent, Thailand at 85.7 percent, U.K. at 81.6 percent and the U.S. at 73 percent....
  • Biden’s Peggy Lee Economy: Is That All There Is? GDP QoQ Prints At Anemic 1.3%, Core Inflation Prints Hotter At 5.0% QoQ Despite Trillions In Federal Spending

    05/25/2023 6:23:17 AM PDT · by Kaiser8408a · 9 replies
    Confounded Interest ^ | 05/25/2023 | Anthony B. Sanders
    Peggy Lee sang it best about the US economy under Biden: Is that all there is? According to the Bureau of Economic Analysis (BEA), US GDP QoQ rose slightly to an anemic 1.3%. Actually, this is a terrible print given the trillions in Federal spending after Covid. Even worse, Core Inflation (PCE core prices) rose to 5%. So, unlike what Treasury Secretary Janet “Transitory” Yellen said, core inflation remains high despite M2 Money growth crashing. Here is the rest of the story. Before conservatives have a meltdown over the comments that will be forthcoming from Biden’s Press Secretary Karine Jean=Pierre,...
  • Ukraine to Allies: Please Give us One Per Cent of Your GDP to Fight Russia

    05/09/2023 6:19:16 AM PDT · by ChicagoConservative27 · 44 replies
    Breitbart ^ | 05/09/2023 | OLIVER JJ LANE
    One per cent of Western Gross Domestic Product (GDP) is a worthy sacrifice to defeat Russia and is dwarfed by what America spent to beat Nazi Germany, says a Ukraine spokesman. Ukraine very much appreciates the near-$37 billion the United States is already giving in military aid but more — much more, in fact — is needed, a Ukrainian diplomat now working as a full-time procurer of military equipment has said. Andrij Melnyk, who is becoming well known beyond the borders of Ukraine for his persistent campaigning to push the envelope on military donations to Ukraine and being one of...
  • Tasmanian Devil-Like Spin: NY Times Twists Anemic GDP Report

    04/27/2023 9:57:35 AM PDT · by JV3MRC · 4 replies
    NewsBusters ^ | 4/27/2023 | Joseph Vazquez
    Leave it to the propagandists at The New York Times to try to sprinkle some sugar over an anemic GDP report. The Times economics writer Ben Casselman broke out some confetti for the latest economic report showing a lackluster 1.1 percent GDP growth in the first quarter, which was notably slower than the 1.9 percent forecast. But look on the bright side, bleated Casselman in his sub-headline, “[t]he gross domestic product increased for the third straight quarter as consumer spending remained robust despite higher interest rates.” Casselman’s own headline was heavy on nuance and lacking on context: “U.S. Economy Grew...