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Tag Archives: gdp

The Tax Deception Exposed

Written by Dan Lieberman, Alternativeinsight "A good catchword can obscure analysis for fifty years." - Oliver Wendell Holmes Follow up: Please share this article - Go to very top of page, right hand side, for social media buttons. Without proof, the Republican Party and Grover Norquist's Americans for Tax Reform have pushed catchy expressions into our lexicon, casually and with absolute conviction. Two of the most prominent are:  Lowering income tax rates benefits the economy. Raising...

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GDP Growth Seems to be Normalizing

by Rick Davis, Consumer Metrics Institute July 28, 2017 - BEA Estimates 2nd Quarter 2017 GDP Growth At 2.56%: In their first (preliminary) estimate of the US GDP for the second quarter of 2017, the Bureau of Economic Analysis (BEA) reported that the US economy was growing at a +2.56% annual rate, up +1.14% from a downward revised first quarter. Follow up: Please share this article - Go to very top of page, right hand side, for social media buttons. Consumer spending rebounded,...

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Healthcare is Boosting GDP Growth

by Rick Davis, Consumer Metrics Institute In their third and final estimate of the US GDP for the first quarter of 2017, the Bureau of Economic Analysis (BEA) revised the growth of the US economy upward to a +1.42% annual rate, up +0.26% from their previous estimate for the first quarter but still down over a half percent (-0.66%) from the +2.08% reported for the fourth quarter of 2016. Follow up: Please share this article - Go to very top of page, right hand side for social media...

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GDP Improves to Tepid Growth

by Rick Davis, Consumer Metrics Institute 26 May 2017 - BEA Revises 1st Quarter 2017 GDP Growth Upward To 1.16% In their second estimate of the US GDP for the first quarter of 2017, the Bureau of Economic Analysis (BEA) revised the growth of the US economy upward to a +1.16% annual rate, up +0.47% from their previous estimate for the first quarter but still down nearly a percent (-0.92%) from the +2.08% reported for the fourth quarter of 2016. Follow up: Please share this article - Go...

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Trade and Increased Commercial Investment Saved Q1 2017 GDP from Contraction

April 28, 2017 - BEA Estimates 1st Quarter 2017 GDP Growth At 0.69%: by Rick Davis, Consumer Metrics Institute In their first (preliminary) estimate of the US GDP for the first quarter of 2017, the Bureau of Economic Analysis (BEA) reported that the US economy was growing at a +0.69% annual rate, down roughly two thirds (-1.39%) from the +2.08% reported for the prior quarter. Follow up: Please share this article - Go to very top of page, right hand side for social media buttons. Total...

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Economic Growth in the US: A Tale of Two Countries

from Voxeu.org -- this post authored by Thomas Piketty, Emmanuel Saez, and Gabriel Zucman Appeared originally at Voxeu.org 29 March 2017 The rise of economic inequality is one of today’s most hotly debated issues. But a disconnect between the different data sets used to measure and understand inequality makes it hard to address important economic and policy questions. In this column, the authors highlight the findings from their attempt to create inequality statistics for the US that...

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The Consumer Saves 4Q 2016 GDP

Written by Rick Davis, Consumer Metrics Institute  March 30, 2017 - BEA Revision Revises 4th Quarter 2016 GDP Growth Upward To 2.08% In their third and final estimate of the US GDP for the fourth quarter of 2016, the Bureau of Economic Analysis (BEA) reported that the US economy was growing at a +2.08% annual rate, up slightly from the +1.85% previously reported but down by -1.45% from the prior quarter. Follow up: Please share this article - Go to very top of page, right hand side for...

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Consumer Spending Increase Saves 4Q 2016 GDP Estimate from a Decline

by Rick Davis, Consumer Metrics Institute February 28, 2017 - BEA Revision Revises 4th Quarter 2016 GDP Growth To 1.85%: In their second estimate of the US GDP for the fourth quarter of 2016, the Bureau of Economic Analysis (BEA) reported that the US economic growth rate was +1.85%, essentially unchanged from the +1.87% previously reported but down by nearly half (-1.68%) from the prior quarter. Follow up: Although there was no material change in the headline number, the composition...

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Gross Attention to the Gross Domestic Product

Written by Dan Lieberman, Alternativeinsight  Prepared by the Bureau of Economic Analysis of the Department of Commerce, the Gross Domestic Product (GDP) serves primarily as an accounting function for the United States government  ̶  one statement in a description of national accounts. By summarizing the monetary value and sources of services and production, the GDP reports all expenditures in the U.S.economy. Anxiously awaited, the economic statistic is employed to indicate and forecast...

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Inventories and Low Deflator Boost Low GDP Estimate

BEA Estimates 4th Quarter 2016 GDP at 1.87% by Rick Davis, Consumer Metrics Institute In their first (preliminary) estimate of the US GDP for the fourth quarter of 2016, the Bureau of Economic Analysis (BEA) reported that the US economic growth rate was +1.87%, down by nearly half (-1.66%) from the prior quarter. Follow up: The quarter to quarter decline in the headline growth rate came from a number of sources: the growth of consumer spending on services was more than halved (down...

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