Goldman Sachs predicts economy will shrink 24% in Q2 alone. This is a severe recession situation even though they also predict economy to grow 10% in Q3.
GDP
When coronavirus or something else causes rates to drop, everyone asks: what if mortgage refi rates drop more after I lock my rate? Let's answer it now.
Today's Best Reads, including a rate recap to end the week.
Today's fundamentals: GDP better but jobless claims higher, and personal income flat, and consumer spending down.
Today's fundamentals: Case Shiller home prices, GDP, consumer confidence, weekly retail sales.
Still no major spike expected for rates.
1Q GDP revised down yet again. Here's a chart of GDP 2009 to present.
What should GDP be? We should be striving for growth of 4% and occasionally accept 3.5% as OK. We're not even close.
What should GDP be? We should be striving for growth of 4% and occasionally accept 3.5% as OK. We're not even close.
We are 5 years in to a lost decade and most everyone is acting as if we are in a recovery.
Some humor plus some legit links looking closer at our shrinking economy in 4Q.
Some humor plus some legit links looking closer at our shrinking economy in 4Q.
Today's 4QGDP is worse, and January ADP jobs are better. Rates are higher.
Today's 4QGDP is worse, and January ADP jobs are better. Rates are higher.
GDP (3rdQ2012) – Real GDP – Quarter/Quarter +3.1% – GDP price index – Quarter/Quarter +2.7% – Final sales of domestic goods was +2.4% The previous iteration of 3rdQ2012 GDP was estimated at +2.7%. 2ndQ2012 had been +1.7%. The final sales of domestic goods is the best measure of economic health becaue it is all about
GDP (3rdQ2012 – second estimate) – GDP was revised from +2.0% to +2.7% – The GDP deflator (a measure of inflation) was 2.7%. The increase looks good until one looks inside. According to BEA, GDP was made up of the following components: – real personal consumption was +1.4% compared with 1.5% in 2ndQ – Durable
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