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Keyword: gdp

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  • Stocks: Nvidia is now worth more than the GDP of every country except these 11

    06/21/2024 10:20:59 AM PDT · by SeekAndFind · 32 replies
    Market Watch via MSN ^ | 06/21/2024 | Weston Blasi
    Nvidia Corp.’s meteoric rise makes it not only the third-largest company in the U.S. in terms of market capitalization, but also bigger than most other countries’ economies, based on gross domestic product. The chip maker’s stock closed at $788.17 on Friday, giving it a market value of $1.97 trillion. That figure is greater than the GDP of every nation in the world but 11, beating the likes of Russia, South Korea and Australia, according to February International Monetary Fund data compiled by Forbes. Of course, comparing a single stock’s market cap to a country’s GDP is not a perfect exercise,...
  • Yellen: We Have ‘Normal’ National Debt Interest Burden

    06/21/2024 6:15:26 AM PDT · by ChicagoConservative27 · 45 replies
    Breitbart ^ | 06/21/2024 | IAN HANCHETT
    During an interview aired on Thursday’s broadcast of the Fox News Channel’s “Your World,” Treasury Secretary Janet Yellen stated that the current interest burden of the national debt is at a “normal” level, but President Joe Biden wants to cut the deficit “and doing that would be compatible with making investments in the economy that are necessary to support its growth. But we’re going to have to let important pieces of the Tax Cut[s] and Job[s] Act expire.” Yellen said, “Well, the debt — the ratio of debt to GDP — we have a very large economy, and the ratio...
  • Boom, Boom! ATL Fed Nowcast Plunges To 1.8% As Consumer Spending Estimate Collapses (Real Estate Construction Spending Leads Collapse In GDP)

    06/04/2024 7:37:25 AM PDT · by Kaiser8408a · 10 replies
    Confounded Interest ^ | 06/04/2024 | Anthony B. Sanders
    Boom boom! ATL Fed Nowcast plunges to 1.8% as their consumer spending estimate collapses – less than 3 weeks ago, they were forecasting 4.2% growth for Q2; a recession likely began in April. The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2024 is 1.8 percent on June 3, down from 2.7 percent on May 31. After recent releases from the US Census Bureau and the Institute for Supply Management, the nowcasts for annualized second-quarter real personal consumption expenditures growth and real private fixed investment growth declined from 2.6 percent and 3.1...
  • Bidenomics: GDP Revised Down To A Slower 1.3% Growth Rate

    05/30/2024 9:08:41 AM PDT · by ChicagoConservative27 · 39 replies
    Breitbart ^ | 05/30/2024 | JOHN CARNEY
    The U.S. economy grew less than previously thought in the first three months of the year, expanding at an annual pace of just 1.3 percent, revised government data showed Thursday. The downward revision was primarily driven by data showing that consumer spending grew by significantly less than previously estimated. This was the smallest expansion in gross domestic product in almost two years. The prior estimate had the economy growing at a 1.6 percent pace in the first quarter. Consumer spending grew an an annualized pace of two percent in the first quarter, the new figures show, down from the previous...
  • Fiscal Armageddon looms and no one in power wants to talk about it. Here’s why you should be afraid

    05/30/2024 6:37:51 AM PDT · by Diana in Wisconsin · 41 replies
    The Hamilton Spectator ^ | May 28, 2024 | Frank Gulustra
    For the better part of two decades, a small group of us fiscally prudent types have been relegated to the wilderness for having the temerity to sound the alarm. Our warnings were bordering on heresy to many on Wall Street and in DC. But lately, more and more voices are joining the chorus that we are heading headlong toward a fiscal and monetary cliff. When the day of reckoning arrives, most people will be unprepared. That is a fact that has been proven throughout history. Just as fortune favours the prepared, financial ruin will befall the unprepared. Before you roll...
  • Q1 GDP Revised Lower To Just 1.3%, Lowest In Two Years As Consumption Slows (Most Of Biden’s “Growth” Came From Covid-related Policies In 2020)

    05/30/2024 7:57:21 AM PDT · by Kaiser8408a · 8 replies
    Confounded Interest ^ | 05/30/2024 | Anthony B. Sanders
    What I like about Biden’s economy … nothing. Most of Biden’s economic growth came from Trump’s spending and Fed monetary policy from the Covid shutdown of 2020. What was until recently a “red-hot” economy, with the US reportedly growing at an annual rate of 4.9% in Q3 and 3.4% in Q4 2024, has suddenly and dramatically downshifted, and according to the latest GDP data released from Biden’s BEA, Q1 GDP was revised downward from 1.6% to just 1.3% (1.250% to be specific), which was the lowest GDP since the mini-recession of Q2 when GDP declined for 2 quarters in a...
  • 2 experts outline a looming scenario where the US economy could end up caught in a dreaded period of stagflation

    04/28/2024 12:35:00 AM PDT · by RomanSoldier19 · 25 replies
    Market Insider via MSN ^ | 4/28/24 | fdemott@insider.com (Filip De Mott)
    Slower growth and rising inflation has brought back distant cries that stagflation is coming. This would force interest rates to stay higher for longer, putting pressure on US businesses and consumers. One investor says anyone looking to hedge this risk should focus on fixed income. A pair of economic reports has brought back a word no central banker ever wants to hear: stagflation. The difficult scenario occurs when inflation rises and growth stalls, a dangerous combination just experienced by the US economy. Worries emerged when Thursday's first-quarter GDP reading slumped against expectations, growing at an annualized 1.6% rate. That's a...
  • White House: We’re OK with Slower GDP Report, ‘Underlying Economy Is Solid as Ever’

    04/26/2024 7:04:56 AM PDT · by ChicagoConservative27 · 36 replies
    Breitbart ^ | 04/26/2024 | IAN HANCHETT
    On Thursday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” White House Council of Economic Advisers Chair Jared Bernstein stated that the White House is okay with the latest GDP report, “especially once you get under the hood, you take out some of those more volatile components, consumer spending and investment look great.” And “the underlying economy is solid as ever.” Guest host Edward Lawrence asked, “When you dig into this GDP report…you find that the first quarter personal consumption grew at 2.5%, the non-defense government spending grew at 0.3%, but if you look back to the fourth...
  • White House: ‘You Don’t Eat GDP,’ Paychecks Matter ‘Most’

    04/26/2024 6:52:18 AM PDT · by ChicagoConservative27 · 49 replies
    Breitbart ^ | 04/26/2024 | IAN HANCHETT
    On Thursday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” White House Council of Economic Advisers Chair Jared Bernstein stated that even with the latest GDP report, we “really haven’t seen much in terms of slow growth yet.” And the job market is “really what matters to people, you don’t eat GDP, your paycheck matters most.” Bernstein said, “We really haven’t seen much in terms of slow growth yet. Let’s talk about the job market, because that’s really what matters to people, you don’t eat GDP, your paycheck matters most. And there, you’ve seen growth continuing to defy...
  • GDP growth slowed to a 1.6% rate in the first quarter, well below expectations

    04/25/2024 11:42:45 AM PDT · by ChicagoConservative27 · 16 replies
    cnbc ^ | 04/25/2024 | Jeff Cox
    U.S. economic growth was much weaker than expected to start the year, and prices rose at a faster pace, the Commerce Department reported Thursday. Gross domestic product, a broad measure of goods and services produced in the January-through-March period, increased at a 1.6% annualized pace when adjusted for seasonality and inflation, according to the department’s Bureau of Economic Analysis. Economists surveyed by Dow Jones had been looking for an increase of 2.4% following a 3.4% gain in the fourth quarter of 2023 and 4.9% in the previous period. Consumer spending increased 2.5% in the period, down from a 3.3% gain...
  • GDP: US economy grows at 1.6% annual pace in first quarter, falling short of estimates

    04/25/2024 7:50:45 AM PDT · by lasereye · 22 replies
    Yahoo Finance ^ | Apr 25, 2024 | Josh Schafer
    The US economy grew at a slower pace than expected in the first quarter. The Bureau of Economic Analysis's advance estimate of first quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 1.6% during the period. Economists surveyed by Bloomberg estimated the US economy grew at an annualized pace of 2.5% during the period. The reading came in significantly lower than fourth quarter GDP, which was revised up to 3.4%. The softer-than expected print is a sign that the Federal Reserve's historic interest rate hikes are putting pressure on consumers and the economy. Investors...
  • 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.