BEA Boosts GDP Growth Again

December 20, 2013 – BEA Revises 3rd Quarter 2013 GDP Growth Upward Again to 4.12% Annual Rate by Rick Davis, Consumer Metrics Institute In their third and final estimate of the US GDP for the third quarter of 2013, the Bureau of Economic Analysis (BEA) reported that the economy was growing at a 4.12% annualized …

Third Estimate 3Q2013 GDP Revised Up to 4.1%

Written by Doug Short and Steven Hansen The third estimate of third quarter 2013 Real Gross Domestic Product (GDP) is now a positive 4.1%. The market expected GDP at +3.6% to 3.7%. This data point was 2.8% in the advance GDP estimate, and 3.6% in the second estimate.

New Study Confirms that Lower Corporate Tax Rates Don’t Create Jobs

by Yves Smith, Naked Capitalism Corporate executives love to peddle the notion that they need to have their low tax payments reduced even further, even as the share of GDP represented by company profits is at unprecedentedly high levels. In fact, corporations paid between 5% and 6% of GDP in taxes in the early 1950 …

A Promising Leap for Third Quarter GDP

December 5, 2013 – BEA Revises 3rd Quarter 2013 GDP Growth Sharply Upward to 3.60% Annual Rate by Rick Davis, Consumer Metrics Institute In their second estimate of the US GDP for the third quarter of 2013, the Bureau of Economic Analysis (BEA) reported that the economy was growing at a 3.60% annualized rate, up …

Second Estimate 3Q2013 GDP Revised Up to 3.6%, Corporate Profits Up Also

Written by Doug Short and Steven Hansen The second estimate of third quarter 2013 Real Gross Domestic Product (GDP) is now a positive 3.6%. The market expected GDP at +3.0% to 3.1%. This data point was 2.8% in the advance GDP estimate.