First Estimate 3Q 2013 GDP Stronger than Expected

07 November 2013 – BEA Estimates 3rd Quarter GDP Growth at 2.84% Annual Rate by Rick Davis, Consumer Metrics Institute In their first 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 2.84% annualized rate, up 0.36% from the …

Advance Estimate 3Q2013 GDP Is Above Expectations

Written by Doug Short and Steven Hansen The advance estimate of third quarter 2013 Real Gross Domestic Product (GDP) grew a positive 2.8%. The market expected the advance estimate 3Q2013 GDP at 1.9% to 2.5%. Growth in 2Q2013 was 2.5%

Rising Wealth-to-Income Ratios, Inequality, and Growth

by Thomas Piketty and Gabriel Zucman This article was originally posted on Voxeu.org on Sep. 26, ’13 According to many measures, inequality has been increasing in the developed world and is now approaching pre-war levels. Income inequality does not tell the whole story. This column documents the increase in the ratio of private wealth to …

Terminal Velocity (21) “Helicopter Flight Simulator: Flight Shtimulator”

Written by Adam Whitehead, KeySignals.com The Terminal Velocity series has followed the flight plan of “Bernanke’s Helicopter” to Jackson Hole. The way point markers along this flight path are recounted below.  This is a belated review of Jackson Hole 2013 and the Terminal Velocity series articles that preceded the meeting.

BEA Rules Out Any Sign of Improvement for Second Quarter GDP

September 26, 2013 – BEA Leaves 2nd Quarter 2013 GDP Growth Mostly Unchanged At 2.48% Annual Rate by Rick Davis, Consumer Metrics Institute In their third estimate of the US GDP for the second quarter of 2013, the Bureau of Economic Analysis (BEA) reported that the economy was growing at a 2.48% annualized rate, down …