In their third estimate of the first quarter 2012 GDP, the Bureau of Economic Analysis (BEA) left the annualized rate of U.S. domestic economic growth unchanged at 1.88%, which is still more than a percent below the growth rate for the fourth quarter of 2011. This revision to the prior month’s report does not reflect [...]
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Lakewood, Colorado In their second estimate of the first quarter 2012 GDP, the Bureau of Economic Analysis (BEA) lowered the annualized rate of U.S. domestic economic growth to 1.88% (down about a third of a percent from the 2.20% previously reported), and now more than a percent below the growth rate for the fourth quarter [...] In their “advanced” estimate of the first quarter 2012 GDP, the Bureau of Economic Analysis (BEA) found that the annualized rate of U.S. domestic economic growth was 2.2%, down more than three-quarters of a percent from the fourth quarter of 2011. The vast bulk of the downturn was in commercial activities, with both fixed investments [...] In their “final” revision of their estimate of the fourth quarter 2011 GDP, the Bureau of Economic Analysis (BEA) found that the annualized rate of U.S. domestic economic growth was 2.97%, down a mere 0.01 percent from their last estimate for the fourth quarter and still more than a percent higher than their “final” estimate [...] The Daily Capitalist wishes to welcome Dr. Rick Davis, a physicist and the founder of Consumer Metrics Institute, as a new contributor. Dr. Davis publishes some of the best data on discretionary consumer spending and has developed an impressive proprietary model for a leading indicator based on consumer spending. Readers may recall our 2010 interview of him. He also [...] |
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