econbrowser.com - 10/31/2008
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If you went no further than noticing that the q/q annualized growth rate of -0.3% was faster than the -0.5 in the Bloomberg consensus, you might have taken this as good news. I'm not going to say it wasn't good news (relatively speaking), although negative growth makes the case for recession ...
econospeak.blogspot.com - 10/31/2008
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econospeak.blogspot.com —
BEA released its advance estimate of how real
GDP fared during the third quarter of 2008 and...
it would seem real GDP fell a bit: The decrease in real GDP in the third quarter primarily reflected negative contributions from personal consumption ...
(more)
Holtz-Eakin on the Latest GDP News Release
clusterstock.com - 10/30/2008
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clusterstock.com —
Everyone has now gotten used to the idea
that we're "deleveraging." But what do we think that...
means? We think it means that banks, consumers, companies, and the government have to cut down their debt a bit. Actually, more than a bit. Unless it's ...
(more)
What Does "Deleveraging" Really Mean? Cutting $25 ...
econbrowser.com - 11/1/2008
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econbrowser.com —
In my last post on the 08Q3 GDP
release , I noted the remarkable contribution of defense...
spending. Here is a little more detail on the growth rates of defense spending on goods and services on a NIPA basis. Figure 1: Defense spending (blue), ...
(more)
More on Defense Spending
Comments
Blog Reactions
Links 10/31/08
naked capitalism —
... Some Additional Observations on the 2008Q3 Advance GDP Release Menzie Chinn, Econbrowser. Takes a hard look at the GDP release and does not like what he sees. ...
Friday links: faltering growth
Abnormal Returns —
... More indications that we are in store for a “deep recession.” (Econbrowser) ...
U.S. Economy Saved (Temporarily) by Defense Spending
The Baseline Scenario —
... As you probably know by now, GDP declined at an annual rate of 0.3 percent in the 3rd quarter (July-September). Menzie Chinn has a good post at Econbrowser breaking down the components of the GDP numbers. One number jumped out at me: defense spending contributed 0.9 percentage points of GDP growth. Put another way, if defense spending had remained flat in Q3, GDP would have declined at an annual rate of 1.2 percent. ...
Military Keynesianism?
Economist's View —
... : In my
last post on the 08Q3 GDP release, I noted the remarkable contribution of
defense spending. Here is a little more detail on the growth rates of defense
spending on goods and services on a NIPA basis. ...
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