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CHART OF THE DAY: Cash-For-Clunkers MASSIVELY Distorted GDP
businessinsider.com - 26 days ago
CHART OF THE DAY: Cash-For-Clunkers MASSIVELY Distorted GDP
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If anyone mentions the just-released 3.5% U.S. third quarter GDP growth, just throw this chart in their face. Cash for Clunkers clearly distorted the U.S. economic figures in an unsustainable fashion. According to the Bureau of Economic Analysis (BEA), motor vehicle output spiked a ...
A welcome GDP report
econbrowser.com - 25 days ago
A welcome GDP report
— econbrowser.com — The Commerce Department reported today that the seasonally adjusted real value of the nation's production of goods and services grew at a 3.5% annual rate during the third quarter, a little better than the 3.2% average seen since 1947.  ... (more) A welcome GDP report

Comments vote down Across the Curve found this 25 days agofound this
baselinescenario.com - 25 days ago
Baseline Scenario, October 30, 2009
— baselinescenario.com — Yesterday morning I testified to a Joint Economic Committee of Congress hearing. The session discussed the latest GDP numbers, the impact of the fiscal stimulus earlier this year, and whether we need further fiscal expansion of any kind. I argued that a global recovery is underway and in ... (more) Baseline Scenario, October 30, 2009

Comments vote down jamesykwak jamesykwak posted 25 days agoposted this
The GDP Mirage
businessweek.com - 25 days ago
The GDP Mirage
— businessweek.com — By overlooking cuts in research and development, product design, and worker training, GDP is greatly overstating the economy's strength (more) The GDP Mirage

Comments vote down The Mess That Greenspan Made found this 25 days agofound this

Blog Reactions

The HardHead Fund:  Goldman saz SUCKERS!!!

The Mess That Greenspan Made:  Cash for Clunkers distorts Q3 GDP?

EconomPic:  Where's the Shout Out?

Comments
Blog Reactions

Goldman saz SUCKERS!!!
The HardHead Fund — ... CHART OF THE DAY: Cash-For-Clunkers MASSIVELY Distorted GDP According to the BEA the Cash for Clunkers added 1.66% to the U.S. GDP growth figure reported. Thus without it, ...

Cash for Clunkers distorts Q3 GDP?
The Mess That Greenspan Made — The folks at Clusterstock put together the graphic you see below as their "Chart of the Day" and it tells quite a different story about economic growth last quarter than you've probably been hearing and reading over the last eight hours. ...

Where's the Shout Out?
EconomPic — ... Clusterstocks post / chart @ 2:13 PM ET (at which point my post had ~3000 hits) And I know for a fact that the author of that post Vincent Fernando reads EconomPic (he has ...

Related: cash for clunkers gdp impact
GDP Up, Dollar Down, Troubles Remain — Kudlow's Money Politic$
Today’s report of 3.5 percent GDP growth for the third quarter ending in September signals the end of the long recession. Although there are glitches in the GDP story -- including the one-time impact of Cash for Clunkers and the erratic bouncing around of disposable income from quarter to ...