
Big day for data as Q3 GDP was revised downward again, initial claims fell, The Chicago National Activity Index fell again, housing prices reversed course and leading indicators increased and consumer sentiment improved.
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Big day for data as Q3 GDP was revised downward again, initial claims fell, The Chicago National Activity Index fell again, housing prices reversed course and leading indicators increased and consumer sentiment improved.
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The big story is Q3 GDP has been revised downward.
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David now believes growth will exceed 2%, maybe even 3%, due to rebuilding expenditures for hurricane Irene and the recovery of the manufacturing sector which he believes was set back by temporary factors associated with the earthquake in Japan. Of course, that doesn’t rule out recession (since positive GDP, even acceleration, can occur during a...
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Doug Short slices the data some more. Click for a larger image As the chart illustrates, the latest YoY real GDP, at 1.5%, is below the level at the onset of all the recessions since the first quarterly GDP was calculated — with one exception: The six-month recession in 1980 started in a quarter with lower...
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The last two posts have looked at the question of whether we will go into, or already are, in a recession. We look here at other evidence along those lines. Regular readers know my admiration for Doug Short and his wonderful charts. Today Doug looks at different ways to calculate Real GDP and whether...
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Calculated Risk has their always excellent weekly roundup of Economic Releases from last week. Short and informative with their standout charts and graphs. New Home sales were down slightly, GDP was poor, mortgage delinquincies increased slightly, new home inventory was at the lowest on record (Yay!) but obviously the big issue is existing home inventory,...
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We will point out that growth has never slowed as much as we have seen over the last year and not resulted in a recession. Maybe this time will be different, but some allowance in your planning should be made for if it is not. Doug Short has several posts and his usual wonderful illustrations...
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The GDP numbers came out yesterday. For a breakdown, including the inflation component, go here. For the announcement from the BEA go here. The Fed also cut rates by 50bps. Here is the Journal’s story. Reactions: Barry Rithotlz- Q4 GDP: El Stinko! • Consumption slowed to 2% from 2.8% in Q3; I suspect that...
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From Strange Maps: This is quite an education. Click for a larger image. Although the economies of countries like China and India are growing at an incredible rate, the US remains the nation with the highest GDP in the world – and by far: US GDP is projected to be $13,22 trillion (or $13.220...
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