Posts Tagged ‘GDP’

Q1 GDP: Miserable But Maybe The Bottom

The headline number today is the 6.1% drop in GDP for the first quarter. Expectations were for a drop of 4.7%. Let me give you a few of the key statistics and then I thought it might be worthwhile to share some of the commentary I found on the Web today. The key factor in […]

Economists’ View Of The GDP Revisions

From the WSJ Real Time Economics blog, here are some comments on the revision to fourth quarter GDP: The surprise was a bigger than anticipated downward revision to consumption. Based on the retail sales figures, we had expected a marginal downward adjustment, but the revision was substantial, to a disastrous -4.3% from -3.5%. According to […]

You Now Own Citi And Your Economy Is Worse Than You Thought

I wonder sometimes if we would be better off without the Internet, CNBC and all the other instant news sources that pound the latest bad news into our conciousness almost as it happens. Maybe all of this was easier to cope with during the Depression when it came at people in less of a rush. […]

How The Relationship Between Taxes And Expenditures Will Be Strained

President Obama is set to go before a joint session of Congress to talk about the economy tomorrow night. While not a State of the Union address (Presidents don’t give one their first year in office) it is taking on the importance of one. On Thursday he will present his fiscal 2010 budget. The New […]

GDP Numbers: Some Perspective

Not trying to put a happy face on the economic numbers today but some historical perspective is useful. I did some prowling around and came up with this. From Econobrowser: On the other hand, today’s number does not mean that the real value of goods and services produced in the U.S. fell by 3.8% in […]

GDP Numbers Come In Lower Than Expected: There’s A Reason Why

What appeared to be a good data point this morning, turned out on further analysis to be anything but that. Fourth quarter GDP declined at a seasonally adjusted annual rate of 3.8%. Economists had suggested the decline would be in the 5.5% range. The fly in the ointment was inventories which increased by $6.2 billion […]

Where Does This Lead Us?

Blame it on the approach of Christmas, but I find myself just a little sluggish tonight. Nevertheless, these graphs from Jake at EconomPicData.com  are intriguing. Jake points out that the highest level of governments’ share of GDP occurred in 1943-1944. World War 2 years, obviously. Others have noted that the Depression didn’t end until the […]