The recovery is back! Or maybe not. On Thursday morning, the U.S. Commerce Department said the nation’s gross domestic product rose 2.5% in the third quarter, nearly double the 1.3% rate it had risen in the quarter before. And …
GDP
Your Stock Fund Lost Money? Well, They All Did Last Quarter
We’ve all seen the sobering numbers on things like unemployment (9.1%), GDP (1.3%) and the national debt ($15 trillion). Now comes another reality check: Last quarter, not a single U.S. diversified stock fund made money. Not one.
GDP Report: What It Tells Us About the Debt
The bad news just keeps coming.
The U.S. economy grew even less than expected in the second quarter, at a rate of 1.3%, down from what many economists predicted would be 1.8% or higher. The reasons for the continued lackluster performance haven’t changed. Consumers, squeezed by higher gas and other prices, are buying less of …
4 Weird Academic Studies on Economics and Consumer Behavior
Studies show that flexing one’s muscles may help fight off—or possibly cause—wasteful impulse purchases, and other weird money findings.
Could China Be the Next Greece?
There’s a lot of finger wagging going on in the world about America’s profligate ways. And a lot of comparisons between the budget troubles of the U.S. and the horrors facing Greece. The West, the story goes, stupidly spent beyond its means while emerging markets wisely saved their pennies for rainy days like these. But the West isn’t …
GDP goes up, stocks go down
This morning the Commerce Department released revised figures for fourth quarter GDP. There was good news: economic output increased at a 5.9% seasonally adjusted annualized pace, up from an earlier measure of 5.7%, showing that the economy is buzzing along even faster than we thought.
Stock futures promptly dropped. Wait. What?
Third quarter GDP keeps shrinking. Fourth quarter another matter
The Bureau of Economic Analysis has just released its third try at estimating third-quarter GDP. It’s now been ratcheted down to 2.2%—from 2.8% in the estimate released a month ago and 3.5% in the original estimate. The culprit:
downward revisions to nonresidential fixed investment, to private inventory investment, and to personal
…
The downward GDP ratchet begins
Barbara can have her upbeat housing statistics. The Commerce Department’s Bureau of Economic Analysis delivered a downer today, revising its estimate of third-quarter GDP growth from 3.5% to 2.8%. The revision was primarily due, the BEA said, to
an upward revision to imports and downward revisions to personal consumption expenditures and
…
Ten Signs that the Economy Is Still in Awful Shape
News is out: The economy grew in the third quarter. But don’t start the celebratory parade just yet.
What 3.5% GDP growth means
What can we learn from this morning’s surprisingly strong 3.5% real GDP growth report?
1) Goldman Sachs does not know all. The bank’s economists had been on eerie run of sending out prescient alerts the day before major data releases—mainly the monthly employment numbers—that described in detail how the consensus was going to be …
