Strong Q3 GDP, but long leading components are mixed; first preliminary positive signs for production in October – by New Deal democrat Because today is a travel day for me, I am going to keep my comments about the much-delayed Q3 GDP report brief. As was obvious, a 4.3% annualized real GDP print is very good, […]
One not particularly cute graph; no analysis, explanation, nor editorializing. GDPI is gross domestic private investment. NDGIC96 is Real Federal Nondefense Gross Investment. SLINVC96 is Real State & Local Government Gross Investment. Source page at FRED. Note that private investment runs at about 7 times the total of government investment at all levels. Make of […]
Financial Times takes a look at the question of how high profit margins are obtained in a high unemployment and high debt economy: The key to the first question is US profit margins, which are still at or around record highs. At some point, logic suggests they will start reverting to the mean. And, aside […]