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1. 3Q Advance GDP Report Came in Stronger Than Expected 2. Which US Presidents Have Been Best For the Economy 3. Global Bond Markets Suffer Worst Losses Since 2013 4. Odds of Fed Interest Rate Hike in December Are Increasing Overview We will touch on several bases today. I must admit that it was so tempting...
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Weapons of Economic Misdirection Hayek Versus Keynes GDP: A Brief But Affectionate History Will the Real GDP Please Stand Up? GDP Is a Political Construction Denver, Denver, Dallas, and Writing “Measurement theory shows that strong assumptions are required for certain statistics to provide meaningful...
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1. GDP Grew a Disappointing 1.2% in 2Q, Only 1.0% in First Half 2. Uncertainty, Over-Regulation Drive Business Investment Down 3. House GOP’s “Better Way Agenda” – A Good Start at Reform 4. How the Fed is Likely to React to Disappointing GDP Report 5. New Hillary Scandal –...
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IN THIS ISSUE: 1. 4Q GDP Up Only 0.7% – Economy Started and Ended Weak 2. A Controversy Over GDP Growth Rate For All of 2015 3. Orders For Durable Goods Plunged Lower in December 4. Sub-3% GDP Growth: A Lost Decade For the US Economy 5. What We Could Do to Stimulate the Economy Now 6. Special Report...
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IN THIS ISSUE 1. 3Q GDP Report Disappoints, But Not All Bad News 2. Widespread Fears That America is on the “Wrong Track” 3. Editorial: “Is the Economy Really in Trouble? A Debate” 4. Conclusions: 2008 Was Not a Once-a-Century Kind of Storm Overview Today we’ll take a closer...
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IN THIS ISSUE 1. Is China’s Economy in Trouble? The Answer is Maybe 2. China’s “Fifth Plenum” Gathering in Beijing This Week 3. Fed Lift-off: Not Tomorrow, December Move Still Uncertain 4. Advance 3Q GDP Report Expected to Disappoint on Thursday 5. Is America Still #1 in the World...
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Recession Watch Earnings Recession Is GDP Flatlining? High-Yield – Rising Defaults Reverse Deleveraging Who Are These Reckless Borrowers? Working Out of Debt San Francisco, Portland, New York, and Birthdays “Growth is never by mere chance; it is the result of forces working together.”...
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IN THIS ISSUE: 1. 2Q GDP Report Was Better Than Expected at 3.9% 2. The Problem With How the Government Measures GDP 3. Janet Yellen’s Supposed “Flip-Flop” on Monetary Policy 4. Fed’s Latest Uncertainty Leads to More Turmoil in Stocks 5. Sunday’s Rare SuperMoon, BloodMoon...
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Weapons of Economic Misdirection Hayek Versus Keynes GDP: A Brief But Affectionate History Will the Real GDP Please Stand Up? GDP Is a Political Construction Rhode Island and Toronto “Measurement theory shows that strong assumptions are required for certain statistics to provide meaningful information...
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IN THIS ISSUE: 1. 3Q GDP Report May be a Stunner on the Downside 2. Population Growth & Productivity Headed in Wrong Direction 3. Population & Productivity Growth Drive the Economy Long-run 4. Worker Productivity Has Plunged Lower Since 2010 5. What Can be Done to Boost Sustained US Economic...
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In This Issue. * GDP rises 2.3% * Consumer spending on the rise * Dollar jumps higher * Russia cuts rates And now. Today's A Pfennig For Your Thoughts. Rate talk takes over. Good day. And welcome not only to Friday morning but also the last day of July. The past couple of days have brought us plenty...
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This morning’s advance estimate of 2Q Gross Domestic Product came in a little lower than most analysts expected. The Commerce Department reported that 2Q GDP rose 2.3% (annual rate), a little lower than the pre-report consensus of 2.7%. The annual GDP revisions going back three years were also...
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IN THIS ISSUE: 1. Chair Yellen All But Promises Rate Hike This Year 2. Why is the Fed So Preoccupied With Raising Rates? 3. Thursday’s 2Q GDP Report Could Be a Surprise 4. Annual GDP Revisions Could Give Fed Green Light Overview The next few days should be an interesting time in the markets. The...
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IN THIS ISSUE: 1. Economic Reports Suggest a Sluggish Second Quarter 2. China Became the World’s Largest Economy in 2014 3. Comparing Different Economies by Purchasing-Power Parity 4. Should Americans Fear an Economic Crash in China? Overview For the first time in history, the People’s Republic...
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IN THIS ISSUE: 1. How Concerned Are Americans About Climate Change? 2. The Weakest US Economic Recovery in Generations 3. US Economy Continues to Disappoint in Most Reports 4. Ahead of Tax Time, Some Interesting Rasmussen Surveys Overview The combination of topics for today’s E-Letter might seem...