Browsing Tag

GDP

New High in U.S. GDP Does NOT Indicate Recovery is Complete

John Lounsbury Feb 1, 2011

The big news when the advanced estimate of the 4Q/2010 GDP was announced last week was the recovery of the pre-recession level of GDP. This was presented by some as good news, but was suitably qualified by others.

Economy

GDP Boosted by Personal Transfer Payments

John Lounsbury Dec 27, 2010

Transfer payment receipts are defined well by the BEA (Bureau of Economic Analysis, U.S. Dept. of Commerce): Personal current transfer receipts are benefits received by persons for which no current services are performed. They are…