Economy

U.S. GDP Down 0.3%. Private Domestic Investment Up 21.9%.

“…Gross domestic product, a sum of all the goods and services produced from January through March, fell at a 0.3% annualized pace, according to a Commerce Department report Wednesday adjusted for seasonal factors and inflation. This was the first quarter… Continue Reading…

Economy

“China exports to U.S. plunge as tariffs hit, leading some experts to warn of product shortages”

“Shipments of goods from China to the U.S. are dropping sharply with the Trump administration’s steep tariffs in place, leading major U.S. retailers to warn about impending supply shortages… At the Port of Los Angeles, which, along with the Port of… Continue Reading…

Economy

Nancy Pelosi Talks About Reciprocal Tariffs [1996]

So tariffs were good then but they are bad now? What happened? This is just more proof that congress is full of liars. Remember folks, President Trump used to be a Democrat. Most of his policies have not changed. The… Continue Reading…

Economy

“US Economy Ends 2024 With 2.3% GDP Growth on Consumer Resilience”

“Inflation-adjusted gross domestic product increased an annualized 2.3% in the fourth quarter after rising 3.1% in the prior three-month period, according to the government’s initial estimate published Thursday. The median forecast in a Bloomberg survey of economists called for a… Continue Reading…

Economy

“Retail sales rose sharply in the first quarter — and could boost U.S. GDP”

“The numbers: Sales at retailers rose a robust 0.7% in March and outlays in the prior month were also stronger than previously reported, indicating the economy got a boost from consumer spending in the first quarter. Economists polled by The… Continue Reading…

Economy

“Britain falls into recession, with worst GDP performance in 2023 in years”

“…Gross domestic product fell 0.3% in the final three months of 2023, following a 0.1% contraction in the July-to-September period, the Office for National Statistics said. A recession is commonly defined as two consecutive quarters of contraction…” https://www.cnn.com/2024/02/15/economy/britain-falls-into-recession/index.html

Economy

“U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected”

“…Gross domestic product, a measure of all goods and services produced in the U.S., rose at a 4.9% annualized pace in the July-through-September period, up from an unrevised 2.1% pace in the second quarter, the Commerce Department reported Thursday.. Economists surveyed by… Continue Reading…

Economy

“China’s Debt-to-GDP Ratio Rises to Record 279.7% on Credit Boom”

“…The macro leverage ratio — or total debt as a percentage of gross domestic product — soared to 279.7% in the first quarter, according to central bank and statistics bureau data compiled by Bloomberg. That was an increase of 7.7… Continue Reading…

Stocks

“U.S. GDP fell at a 1.4% pace to start the year as pandemic recovery takes a hit”

“Gross domestic product unexpectedly declined at a 1.4% annualized pace in the first quarter, marking an abrupt reversal for an economy coming off its best performance since 1984, the Commerce Department reported Thursday. The negative growth rate missed even the… Continue Reading…

Economy

“GDP grew at a 6.9% pace to close out 2021, stronger than expected…”

“The U.S. economy grew at a much better than expected pace to end 2021 from sizeable boosts in inventories and consumer spending and despite signs that though the acceleration likely tailed off towards the end of the year. Gross domestic… Continue Reading…