Tag Archives: GDP

Trump Is No Populist

Answering Kennedy’s Call An NBC News poll last April showed that Trump had a 26-point lead among voters who don’t follow political news. In contrast, voters who got their political news from newspapers, the most comprehensive form of daily news, … Continue reading

Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News | Tagged , , , , , , | Leave a comment

Bidenomics Cause of Recovery

Financial FAQs “Real gross domestic product (GDP) increased at an annual rate of 3.1 percent in the third quarter of 2024, according to the “third” estimate. In the second quarter, real GDP increased 3.0 percent. The increase in the third … Continue reading

Posted in Consumers, COVID-19, Economy, Housing, housing market, Politics, Weekly Financial News | Tagged , , , , , , , , | Leave a comment

Higher Economic Growth Ahead?

Popular Economics Weekly The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 3.3 percent on December 9, unchanged from December 5 after rounding. After recent releases from the US Census Bureau and … Continue reading

Posted in Consumers, COVID-19, Economy, Weekly Financial News | Tagged , , , , , , , , , | Leave a comment

Another ‘Roaring Twenties’?

Financial FAQs BEA.gov The advance estimate of BEA third quarter U.S. economic growth was 2.8 percent, slightly less than the 3 percent growth in Q2 but is showing few signs the post-pandemic recovery has slowed. It has defied the odds … Continue reading

Posted in Consumers, COVID-19, Economy, Weekly Financial News | Tagged , , , , , , , , , , , | Leave a comment

Q2 Economic Growth Is…?

Financial FAQs Estimates of 2024 second quarter economic growth have been all over the map, but I will attempt to separate the wheat from the chaff, so to speak. Firstly, GDP growth is mostly dependent on consumer spending, which makes … Continue reading

Posted in Consumers, COVID-19, Economy, Keynesian economics, Weekly Financial News | Tagged , , , , | Leave a comment

Less Need to Worry in 2024?

Financial FAQs It’s time to catch our breath. Wars and protests can unsettle economies, but much of the economic uncertainty in 2024 is for more mundane reasons. The last few weeks have unsettled the financial markets, to say the least. … Continue reading

Posted in Consumers, COVID-19, Economy, housing market, Weekly Financial News | Tagged , , , , | Leave a comment

Q1 GDP Growth Better Than Estimate

The Mortgage Corner The initial estimate of first quarter 2024 Gross Domestic Product (GDP) growth was less than expected, causing financial markets to panic, even though economic growth is better than the initial estimate is reporting. The lower GDP estimate … Continue reading

Posted in Consumers, COVID-19, Economy, Housing, housing market, Weekly Financial News | Tagged , , , , | 1 Comment

First Quarter Growth Even Better?

The Mortgage Corner The post-pandemic recovery is looking better this year, as higher estimates for 2024 economic growth come in. The job market is still hot, which is why consumers keep shopping until they drop, to use a common expression … Continue reading

Posted in Consumers, COVID-19, Economy, Weekly Financial News | Tagged , , , , | Leave a comment

Strong Growth Will Continue

Financial FAQs There’s a good reason we have avoided a recession, I said last week. Consumers’ personal financial conditions have improved, so they continue to shop, and they are responsible for 70 percent of economic activity. Now the Conference Board’s … Continue reading

Posted in Consumers, COVID-19, Economy, housing market, Keynesian economics, Weekly Financial News | Tagged , , , , | Leave a comment

Higher Growth Ahead?

Financial FAQs The US economy hasn’t slowed. Fourth quarter Gross Domestic Product (GDP) growth was down slightly from 3.3 percent to 3.2 percent in the second estimate, but predictions for first quarter 2024 growth have increased. BEAgdp “The increase in … Continue reading

Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News | Tagged , , , , | 1 Comment