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Tag Archives: gdp
If Everything’s Doing So Great, How Come I’m Not?÷
If Everything’s Doing So Great, How Come I’m Not? Are you better off than you were 10 years ago? We’re ceaselessly told/sold that the U.S. economy is doing phenomenally well in our current slow-growth world — generating record corporate profits, record highs in the S&P 500 stock index, and historically low unemployment (4.9% in July […]
Can You Trust US Economic Data? Eight “Out Of The Box” Investment Insights – Peter Diekmeyer
Can You Trust US Economic Data? Eight “Out Of The Box” Investment Insights – Peter Diekmeyer This morning, Canada released GDP data which showed the economy shrank by 1.6% on an annualized quarter-over-quarter basis during Q2. While economists forecast a 1.5% drop, those “projections” were made after the quarter was already over. Six months […]
We’ve Reached the “Zero Point” of Debt Creation
We’ve Reached the “Zero Point” of Debt Creation Hurtling toward a massive financial crisis. Forty-five years and counting: We’ve been on a debt spree since the early 1970s when we went off the gold standard, covering every possible angle. Trade deficits, government deficits, unfunded entitlements, private debt – you name it! Our total debt has grown […]
Canadian Economy ‘Double-Dip’ Crashes In Q2 – Worst GDP Growth In 7 Years
Canadian Economy ‘Double-Dip’ Crashes In Q2 – Worst GDP Growth In 7 Years The first half of 2015 saw Canada informally enter ‘recession’ with two quarters of negative GDP but then, everything bounced back and policy shifts were ‘proven’ effective. However, that dead-canadian-cat-bounce is over as Q2 2016 GDP growth just slumped 1.6% – double-dipping to […]
Who Or What Will Push Italy Over The Cliff This Year?
Who Or What Will Push Italy Over The Cliff This Year? Traditionally, the Eurozone’s GDP numbers of the second quarter of a calendar year are being released in the first few days of August, and this year isn’t any different. And as expected, the updated report contains some not-so-very-optimistic results. Germany continues to be the […]
Guided By Nonsense
Guided By Nonsense “Read the directions and directly you will be directed in the right direction.” — Lewis Carroll U.S. consumers are at it again. After a seven year hiatus they’re once again doing what they do best. They’re buying stuff. According to the Commerce Department, personal consumption expenditures (PCE), which is the primary measure of […]
The Source of Failure: We Optimize What We Measure
The Source of Failure: We Optimize What We Measure Rather than measure consumption and metrics that incentivize debt, what if we measure well-being and opportunities offered in our communities? The problems we face cannot be fixed with policy tweaks and minor reforms.Yet policy tweaks and minor reforms are all we can manage when the pie […]
Russia Frets about Risk of “Recession” in China
Russia Frets about Risk of “Recession” in China What do they see that we don’t? Russia’s economy has been shrinking five quarters in a row, though in the first quarter of 2016, it contracted at an annual rate of “only” 1.2%, after having contracted 3.7% in 2015, the longest recession in two decades. The budget […]
Japan’s “Coma Economy” Is A Preview For The World
Japan’s “Coma Economy” Is A Preview For The World The 1980s were the apex of Japanese culture and economic might. Back then, Japan’s economy was growing so fast, it was thought they would overtake the US. But that all came to a screeching halt. Truth is, Japan’s meteoric rise was fueled by an epic lending bubble. Similar […]
No Wonder We’re Poorer: Wages’ Share of GDP Has Fallen for 46 Years
No Wonder We’re Poorer: Wages’ Share of GDP Has Fallen for 46 Years The problem is that limiting financialization will implode the system. The majority of American households feel poorer because they are poorer. Real (i.e. adjusted for inflation) median household income has declined for decades, and income gains are concentrated in the top 5%: Even […]
The Global Growth Funk
The Global Growth Funk NEW YORK – The International Monetary Fund and others have recently revised downward their forecasts for global growth – yet again. Little wonder: The world economy has few bright spots – and many that are dimming rapidly. Among advanced economies, the United States has just experienced two quarters of growth averaging […]
What Comes Next——Krugman’s Fiscal Equivalent Of War
What Comes Next——Krugman’s Fiscal Equivalent Of War Somebody must have reinstated Paul Krugman’s passport. He was recently back in Japan to meet with the world’s leading economy-wrecking triumvirate —-Prime Minister Abe, BOJ Governor Kuroda and Finance Minister Taro Aso—–to dispense some desperately needed advice. Japan is on the verge of a second recession during Abe’s tenure despite his plunge […]
The U.S. Economy Officially Joins The Global Economic Slowdown – 1st Quarter GDP Comes In At 0.5%
The U.S. Economy Officially Joins The Global Economic Slowdown – 1st Quarter GDP Comes In At 0.5% Even the government is admitting that the U.S. economy is slowing down. On Thursday, we learned that U.S. GDP grew at just a 0.5 percent annual rate during the first quarter of 2016. This was lower than analysts […]
Eugen Bohm Von Bawerk: Chinese Dragon: Breathing Credit Fumes
EUGEN BÖHM VON BAWERK: CHINESE DRAGON: BREATHING CREDIT FUMES Economic forecasting, no matter how complex the underlying model may be, is essentially about extrapolating historical trends. We showed last week how economic models completely fail to pick up on structural shifts using Japan as an example. On the other hand, if an economy doesn’t really change much, […]
With Impeccable Timing, ‘Economic Miracle’ in Spain Unravels
With Impeccable Timing, ‘Economic Miracle’ in Spain Unravels The European Union on the verge. Since the granddaddy of all housing bubbles popped in Spain between 2008 and 2009, unleashing one of the deepest recessions in living memory, the nation’s public debt has more than doubled, from just over 40% of GDP to almost exactly 100% […]
