BEA Reports 4th Quarter 2012 GDP Contracting At -0.14% Annual Rate

In their first (or “advance”) estimate of the US GDP for the fourth quarter of 2012 the Bureau of Economic Analysis (BEA) found that the economy was shrinking at a -0.14% annualized rate, over 3% worse than the 3.09% growth rate that they recorded for the prior quarter.

The contraction was driven primarily by dramatic [...]

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BEA Raises 3rd Quarter 2012 GDP Growth Estimate To 2.67%

In their second estimate of the US GDP for the third quarter of 2012 the Bureau of Economic Analysis (BEA) found that the economy was growing at a 2.67% annualized rate, an upward revision of +0.65% from the previously published first estimate for the quarter.

The improved headline number came exclusively from two sources: substantial [...]

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GDP Q3 2012 Report: Mixed Signals

In their first (“Advance”) estimate of the US GDP for the third quarter of 2012 the Bureau of Economic Analysis (BEA) found that the economy was growing at a 2.02% annualized rate, some 0.76% higher than for the prior quarter and at very nearly the same level as reported for the first quarter of 2012.

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Q1 GDP Report: Final BEA Obfuscation

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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GDP Q1 2012 Revised Down To 1.88%

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 [...]

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GDP Growth Slows To 2.2% In Q1 2012

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 [...]

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No Change GDP Q4 2011: Are The Numbers Believable?

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 [...]

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GDP For 2011 Revised Upward to 3.0% — Is It Real?

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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Q2 GDP Reveals Continued Stagnation

The Advance Estimate of GDP for Q2 2011 was +1.3%, and Q1 2011 was revised downward to +0.4% from the previous +1.9%.

As readers here know, we believe GDP is a flawed measure because it is just a tally of spending which doesn’t account for changes in money supply, such as from QE1 and 2. [...]

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