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GDP Goosed By TARP
ritholtz.com - 2/2/2009
GDP Goosed By TARP
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Over the weekend, a hedgie friend added to our understanding of how bad GDP really was. We already knew that the rise in inventory contributed 1.29% points to GDP growth. Without the inventory build, the GDP number would have been down 5.1%.And, it means that we are likely looking at a very ...
The paradox of thrift
econbrowser.com - 2/8/2009
The paradox of thrift
— econbrowser.com — Or, how come you used to say that if consumers don't save more, it will wreck the economy, and now you say, if consumers do save more, it will wreck the economy? For the record, I am certainly among those who had been suggesting that America's low ... (more) The paradox of thrift

Comments vote down EconLog: Library of Economics and Liberty found this 2/8/2009found this
Looking for the Sun
calculatedriskblog.com - 2/4/2009
Looking for the Sun
— calculatedriskblog.com — 2009 will be a grim economic year. The unemployment rate will rise all year, house prices will fall, commercial real estate (CRE) will get crushed ... but there might be a few rays of sunshine too. Look at these three charts of Cliff Diving: Click ... (more) Looking for the Sun

Comments vote down Econbrowser found this 2/4/2009found this
Why Can't We All Just Get Along? The Great Multiplier Debate
econbrowser.com - 2/5/2009
Why Can't We All Just Get Along? The Great Multiplier Debate
— econbrowser.com — I've been thinking about why the numbers that are typically bandied about in policy circles (at least that I'm familiar with) have so little impact on the overall general and blogosphere debate (see some examples here and here ). I think it's part ... (more) Why Can't We All Just Get Along? The Great Multiplier Debate

Comments vote down Economist's View found this 2/5/2009found this

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Bear Mountain Bull:  TARP Covers GDP

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TARP Covers GDP
Bear Mountain Bull — We now know not to pay attention to any government numbers when it comes to the economy — not when they can use their own programs to skew the results : What else was buried in the GDP report besides inventory and falling prices that was artificially goosing the data? The answer? TARP . It turns out that the TARP money given to banks as recapitalization was a major factor in the total GDP number. How? Uncle Sam buying a financial asset does not contribute to GDP under normal circumstances. But the Treasury purchased these assets at prices discounted to market prices. (Not as ...

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