GDP Sunk by Trade Deficit Shitshow (Result of Globalization), Drop in Government Spending. Consumers Held up Despite Raging Inflation by Wolf Richter • Apr 28, 2022 • 173 Comments Inventories are slowly recovering, but remain below where they should be.
Year of Distortions, Shortages, Massive Inflation, Worst Trade Deficits Ever, and Hyper-Stimulated Growth Ends with a Bang by Wolf Richter • Jan 27, 2022 • 150 Comments But companies were finally able to rebuild some woefully low inventories.
Marred by Inflation, Inventory Shortages, and Record Trade Deficit, GDP Growth in Q3 Reverts to Decade Normal by Wolf Richter • Oct 28, 2021 • 91 Comments But still up 4.9% from a year ago – outside of the prior quarter, the hottest year-over-year growth in 20 years.
Socked by 6.4% Inflation, Record Trade Deficit, Inventory Shortages, and Drop in Government Spending, “Real” GDP Jumps Disappointingly by Wolf Richter • Jul 29, 2021 • 182 Comments Inflation ate my homework: All this stimulus, so little to show for.
Inflation Jumped by 3.8% in Q1, “Real GDP” Rose 1.6%, Dragged Down by Record Trade Deficit and Drop in Inventories by Wolf Richter • Apr 29, 2021 • 132 Comments Even the Fed’s repressed inflation measure without food and energy rose 2.3% annual rate.
The Year of the Plague in Charts: Weirdest Economy Ever by Wolf Richter • Jan 28, 2021 • 99 Comments GDP fell by 3.5% in the year 2020, the worst annual decline since 1946. Trade deficit in Q4 hit new all-time worst.
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.
