Fixing GDP Problems Created in Washington DC
The answer is the mismanagement of information by the Trump administration. I’m going to discuss fixing GDP problems created in Washington DC. Continue Reading →
Tag Archives: gdp
Why the GDP Equation Subtracts Imports
GDP is gross domestic product. It measures total production, the total output of an economy. We use national income accounting to add up GDP. Continue Reading →
Where Does California Rank in Global GDP?
A recent press release from Gov. Newsom’s office claimed “California is now the 4th largest economy in the world.” He was correct. Continue Reading →
Revisiting First Quarter GDP
The third estimate was released a few weeks ago. Real GDP growth increased from the first estimate’s 1.1 percent to 2.0 percent Continue Reading →
First Quarter GDP
First quarter growth was driven by Federal government hiring. Higher government cost was a major contributor to the ongoing inflation. Continue Reading →
Fourth Quarter GDP
GDP growth of 2.9% sounds pretty good. But there is underlying weakness in the economy. I estimate a 60% chance of a recession in 2023. Continue Reading →
Third Quarter GDP
There’s a good chance that a lot of the increase in third quarter GDP was caused by U.S. government spending, specifically foreign aid. Continue Reading →
Why US GDP Fell By 4.8 Percent in 2020 Q1
US GDP decreased 4.8 percent in 2020:I. Personal consumption spending fell by 7.78% compared to the previous quarter with spending on services decreasing a whopping 10.63%. Continue Reading →
Don’t Blame Households for First Quarter GDP
The U.S. economy is still sick. It will not be cured until (if and when) the current regulatory onslaught emanating from Washington, D.C. is not just slowed, but rolled back. The U.S. needs business climate change. Continue Reading →
The Mystery of Third Quarter GDP
While subprime vehicle loans contributed to third quarter growth, the total contribution was minor. Far more concerning is the continuing growth of inventories and the apparent burst of growth in IP investment.
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