Archive for the ‘GDP’ Category

Questioning Q4 GDP

Mike Mandel has a new post which might make you a bit uncomfortable. He suggests that the US has been miscalculating its trade gap in a manner which leads to overstating GDP growth. Now, if you believe the official  statistics, it drives your entire interpretation of the past ten years.  If nonoil imports have not grown […]

More Bad Revisions For Economic Growth

The incredible shrinking recovery continues apace. In case you missed it, the latest iteration of Q1 GDP growth is now 2.7%. Remember the initial number was 3.5%, then it got chopped down to 3.0% and now, well here we are in the two’s. To add insult to injury the inventory growth is now reputed to […]