No, GDP Didn’t Jump “33.1%” in Q3, But 7.4%, after Plunging 9% in Q2: Time to Kill “Annualized” Growth Rates. Imports, Powered by Stimulus, Dragged on GDP by Wolf Richter • Oct 29, 2020 • 67 Comments GDP back to Q1 2018. Worst ever “net exports.” The decline in government spending was also a drag. “GDP per Capita” bounced back only to 2017 level.
No, GDP Didn’t Plunge “32.9%” in Q2, it Plunged a Still Terrible 9.5%: Time to Kill “Annual Rates” by Wolf Richter • Jul 30, 2020 • 123 Comments A perfect quarter to look at the absurdity of reporting “annual rates” in the headlines.
How Far Will the U.S. Economy Plunge During Lockdown? by Wolf Richter • Apr 21, 2020 • 387 Comments “Three times deeper than the Great Recession?”
I Just Hope the Fed Won’t See This: US Economy Has Blowout First Quarter by Wolf Richter • Apr 26, 2019 • 75 Comments “Patient” may become less patient.
More Lousy Data Emerges after Government Shutdown: Construction Spending by Wolf Richter • Mar 4, 2019 • 54 Comments Residential Construction Skids, Nonresidential Construction Stagnates. The delay gave markets a break from lousy data.
GDP Rose by $1.0 Trillion in 2018, US Gov. Debt by $1.3 Trillion by Wolf Richter • Feb 28, 2019 • 103 Comments Where would GDP growth be without federal borrow-and-spend?
How Much Illusion in GDP? What You See Is Not What You Get by Wolf Richter • Oct 27, 2017 • 57 Comments Oh, the revisions.
Economy “Surprises” to Downside, Growth Near Zero. Atlanta Fed GDPNow Forecast just about Nailed it by Wolf Richter • Apr 28, 2017 • 97 Comments Lousy consumer spending and the “weather.” Inflation hits Fed target.
Atlanta Fed GDPNow Forecast for Q1 Drops to Almost Zero by Wolf Richter • Apr 27, 2017 • 45 Comments I hope the forecasting model is broken.
Something Rotten Is Piling Up in this Economy by Wolf Richter • Feb 13, 2015 • 15 Comments Gets even worse: total business inventories balloon to Lehman-Moment levels.
