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Tag Archives: GDP

Q1 GDP Down 2.9%: Admin says – meh

Today we learned that the Gross Domestic Product of the United States decreased by 2.9% in the first three months of 2014 – a number greatly different than dismal .1% increase the administration reported initially. How could this be? According to the Huffington Post Obamacare had just saved the economy from contraction.. or something. As the U.S. economy teetered on ...

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GDP Growth Increasing 3% In July – Not Because Of Obama Policy Change

What is this thing called Gross Domestic Product (GDP)? It is everything produced by all the people and all the companies in the US and in the world. Key upon the word “produced” in the preceding sentence. Until now, the word “produced” referred to the total market value of all final goods and services produced in a country in a ...

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GDP up due to federal spending

The Commerce Department published its preliminary estimate of third quarter GDP showing an increase to 2.0% growth vs. the second quarter final number of 1.3%. Tearing into the numbers, government spending and a drop in imports seem to be the largest reason for the favorable change to GDP, while commercial investment, exports and private inventory investment were leading declining values ...

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GDP drops, manufacturing takes nosedive

empty factory

The Department of Commerce released its National Income and Product Accounts report this morning which showed the economy declining much faster than analysts had expected. Despite steady government spending, the second quarter Gross Domestic Product (GDP) came in much lower than Q1 and strongly down from analysts expectations. The first quarter GDP came in at 2.4% growth and the second ...

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WashPost Front-Pager on Collapsing Net Worth Missing One Word: ‘Obama’

A new economic report from the Federal Reserve doesn’t offer much hope. On the front page of The Washington Post,  Ylan Q. Mui underlined “the Federal Reserve said the median net worth of families plunged by 39 percent in just three years, from $126,400 in 2007 to $77,300 in 2010. That puts Americans roughly on par with where they were in 1992.”   Furthermore, “the data ...

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Is the US Going To Need a Bailout?

gdp to debt

In terms of national debt as a percentage of Gross Domestic Product (GDP), the answer is “YES!” How, you ask, do I arrive at that answer? Well, let’s examine the debt as a percentage of GDP in Portugal, Ireland, Greece, and Spain (PIGS), as well as in the US. First, let’s examine the debt as a percentage of GDP in ...

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Throwing Good Money After Bad

The Labor Department reported that the U.S. economy added 69,000 jobs last month, the lowest number since May of last year. Concurrently, the unemployment rate increased for the first time in eleven months. The “official” jobless rate rose to 8.2%. Additionally, it reported that in the past two months 49,000 fewer jobs were created than originally stated. The Bureau of ...

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BEA Releases Revised 1st Quarter and Initial 2nd Quarter GDP

Bureau of Economic Analysis//  Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 1.3 percent in the second quarter of 2011, (that is, from the first quarter to the second quarter), according to the “advance” estimate released by the Bureau of ...

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The Economy Stinks and the GDP Doesn’t Have a Clue

We all gain an understanding of gross income vs. net income when it comes to tax time and many of us forget the relationship shortly after.  What do these two terms have to do with our economy? The U.S. G.D.P. (Gross Domestic Product) is an indicator of the total of goods produced with no regard to the cost of producing ...

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