globaleconomicanalysis.blogspot.com - 10/31/2009
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The stock market and commodities are giddy today on the Third Quarter Advance GDP Estimate which increased at an annualized rate of 3.5%. Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of ...
econbrowser.com - 10/30/2009
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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
baselinescenario.com - 10/30/2009
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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
krugman.blogs.nytimes.com - 10/30/2009
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krugman.blogs.nytimes.com —
The good news from the new GDP report
is that the fiscal stimulus seems to be working...
just about the way a sensible Keynesian approach says it should. That's also the bad news. f
(more)
Stimulating thoughts, 3rd quarter edition
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Catching Argentinian Disease
The Big Picture —
... for US dollars, which is what the world uses to transact business. The data looks like world trade is finding a bottom and maybe even recovering somewhat. That means there will be the need for more dollars. And since everybody and their mother are short the dollar, there could be a vicious snap-back rally. I am still bearish the US dollar (and the yen and the euro and the pound) over the long term, but there is the potential for a real rally here.
And my friend Mish Shedlock commented on the US GDP report, which said the US GDP rose 3.5%: ...
Catching Argentinian Disease
GoldSeek.com —
... the need for US dollars, which is what the world uses to transact business. The data looks like world trade is finding a bottom and maybe even recovering somewhat. That means there will be the need for more dollars. And since everybody and their mother are short the dollar, there could be a vicious snap-back rally. I am still bearish the US dollar (and the yen and the euro and the pound) over the long term, but there is the potential for a real rally here. And my friend Mish Shedlock commented on the US GDP report, which said the US GDP rose 3.5%: "Today the market is ...
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Good economic news?
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The Bureau of Economic Analysis reported today that U.S. real GDP fell at a ...
GDP Friday
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China’s Magic Numbers
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On Revisions and on Conditioning
econbrowser.com 11/1/2009 — Both have to be "handled with care".
Revisions
We're all tempted to make predictions on the basis of the last data point. And even more difficult to resist is the temptation to make definitive statements on the basis of data that are sure to ...
A V-shaped recession?
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Good News and Bad News from the GDP release
econbrowser.com 8/1/2009 — Some additional observations (see Jim Hamilton's take , as well as others ) on the GDP release: (1) the five year revision indicates that GDP was larger than we thought, but it also declined faster in 2009Q1; (2) GDP growth was lower throughout 2008 ...
Random Thoughts on the Q3 GDP Report
calculatedriskblog.com 10/30/2009 — After the Q1 GDP report was released, I wrote: GDP Report: The Good News . The headline number in Q1 was ugly, but there was a clear shift in the negative GDP contributions from leading sectors to lagging sectors. Here is a repeat of the table from ...
Is Germany Dependent on Exports to Grow?
fistfulofeuros.net 9/30/2009 — The analysis that follows should really be taken along with Edward’s recent thoughts on the Global Imbalances situation as well as his latest economic survey of the current state of play in the German economy .
Essentially, I am going to have a look at what is, arguably, one of the more ...
Business this week —
The Economist: Full print edition 10/29/2009
America’s GDP grew in the third quarter, the first time its economy has expanded in more than a year. Home resales jumped by 9.4% in September from August, the biggest rise in 26 years, as first- time buyers rushed to take advantage of a tax ...
Overview —
The Economist: Full print edition 10/29/2009
Britain’s GDP fell by 0.4% in the third quarter, the sixth consecutive quarterly decline. The news from America’s housing market continued to be mixed. Sales of new homes unexpectedly fell by 3.6% in September but sales of existing homes ...
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