+2.8% 4Q2011 & +1.7% 2011 GDP is weak. Here are the charts.
Posts Tagged ‘GDP’
Mixed Signals: New Home Sales, Jobless Claims, LEI, Manufacturing
Quick takes and charts on all today’s data
GDP Worse, Jobs Better, Home Prices Worse
Todays jobless claims look great. GDP and home prices not so much.
3Q GDP Cut 2.5% to 2%: CHART 2001-2011
Same trend as previous quarters: 3Q growth slower than originally thought.
Fundamentals 10/27: GDP, Europe, Jobs, Pending Home Sales
Eurozone The fact that some solution was reached regarding Greek debt is positive but: (1) there are four more countries to deal with and (2) the long term macroeconomic effects are still unknown. GDP -First of three 3Q2011 GDP was +2.5% -This was right at expectations -Previous quarter was +1.3% -Final Sales of domestic products [...]
Is BEA GDP Data Bogus?
[By Rick Davis of Consumer Metrics Institute] The Bureau of Economic Analysis’s (BEA) third estimate of second quarter 2011 U.S. Gross Domestic Product (GDP) was reported to be 1.34%, an upward adjustment from their previous data. The new growth number was .36% higher than the number reported last month for the same quarter. It is [...]
Fundamentals 9/29: Can Jobless Claims Hold Below 400k?
GDP To so-called “final” GDP for 2ndQ2011 was adjusted upward to +1.3%. The GDP Deflator (an index of inflation weighted by how much each item contributes to GDP) was +2.5%. Final sales of domestic products was +1.6%. Initial Jobless Claims -391,000 for the week ending September 24 -Down 37,000 from previous week’s revised 422,250 (was [...]
Has a Double-Dip Recession Already Happened?
The current extent of economic malaise has been greatly underestimated. I once again turn to Rick Davis of Consumer Metrics Institute to explain. When we measure GDP we always adjust it for inflation. We want the economy to be growing because more good and services are purchased by comsumers, companies and the government not because the [...]
Even Lower Rates Coming? (part 2)
Friday’s GDP report was weak. The fact that there will apparently not be an inflation-inducing QE3 should reinforce the call for lower Treasury yields. We may be moving to record low Treasury yields and mortgage rates, and this post is to follow a recent post exploring this possibility. It should be noted that mortgage rates [...]
Fundamentals 8/26: GDP Revised Down To 1%
GDP -BEA’s second of three 2Q2011 GDP readings was revised down to 1% annualized. With BEA making so many discretionary adjustments it is getting difficult to gauge just how bad the economy is. If I were the suspicious sort I might be thinking that BEA saw +1.0% as a psychological barrier fearing much more serious [...]
