The VERY low nominal growth over the past year is still worrisome, but nice to be back in black.
Source: BEA
Friday, January 29, 2010
Real (and Nominal) GDP Back to Black
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2010
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January
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- Second Largest Equity Pullback Since the March Bottom
- EconomPics of the Week (1/30/09)
- Real (and Nominal) GDP Back to Black
- GDP Rocks at 5.7%
- Durable Goods / GDP Expectations
- Three Decades of S&P 500 Sector Performance
- Japanese Exports Expand for First Time Since Crisis
- Consumer Confidence Ticks Higher
- Case Shiller: Still a Soft Housing Market
- U.K. GDP Figure Disappoints
- Avatar Takes the "I'm the King of the World!" Crown
- Texas Factory Output Growth in January
- Existing Home Sales Crash
- An Equity Correction?
- EconomPics of the Week (J-E-T-S AFC Championship E...
- Eurozone Industrial Orders Shows Improvement
- Leading Economic Indicators Strong Across the Board
- China GDP: Grips It and Rips It
- Commercial Real Estate Price Blip or Bottom?
- Housing Data Split
- PPI Continues to Rise Due to Energy
- Oligopolistic Banking System and Compensation
- J-E-T-S Jets Jets Jets
- EconomPics of the Week (J-E-T-S Division Playoff E...
- Production Continues to Recover
- Pub Power Equity Signal Turns Negative
- Inflation is Not an Issue...
- On the Retail Inventory "Bounce"
- Retail Sales Disappoint
- Is Australia in Full Recovery Mode?
- U.S. Treasury Deficit More than 10% of GDP
- Becoming French?
- Is 16-19 Year Old Unemployment at 37.1%?
- Unemployment to Job Opening Ratio Jumps Again
- The "Recession Generation"
- An Alternative Unemployment Rate.... at 11.7%
- Breaking Down Wholesale Inventories
- Consumer Deleveraging Continues
- Sanchez Leads J-E-T-S Past Bengals
- EconomPics of the Week (J-E-T-S Edition)
- Hours Worked per Civilian (per Week)
- More on Gross Purchases (and China)
- Men / Women Employment Results Diverge
- Unemployment Drops as Workers Drop Out
- Same Store Sales "Surge"
- Hedge Funds More than Fine in '09
- Eurozone Retail Sales Show Record Decline
- Why Does It Feel Worse than Reported?
- Goods Producing vs. Government
- Industrial Production Declines in Eurozone for Fir...
- Manufacturing Jobs Down 20% from 2006
- ADP Jobs Down 84,000; Services Jobs Grow
- Auto Sales Improved, but Still a LONG Way to Go
- What Happens When the Stimulus Dies?
- 2009 Performance Snap Shot
- J-E-T-S Jets Jets Jets
- Manufacturing Sector Continues to Expand
- Strength in U.S. Consumption... of U.S. Made Goods
- Avatar Rounds Out Record Year at the Box Office
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January
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Analyzer
Jake forgive me but...pure YoY charts? Aha! Very good - revealing ain't they?
ReplyDeleteha... they are now that the "cliff dive over a 3 month period" is rolling off.
ReplyDeleteIndeed - Bill over at CR did a much better job of calling the turn than I did but he cheated and used experience and a gut check. Barry gave you a nice plug though. :)
ReplyDeleteMore seriously I actually add to break down and use QtQ annualized to pin down the turning points - welcome to s.t. turbulence.
But I'm still gonna enjoy the obscure data wonk schadensomething - and you saved me the trouble so I could load up on a whole bunch of other stuff today and merely point at you and CR!
Off topic, but figured you might enjoy this post I came across via Free Exchange. Yes, it has graphs!
ReplyDelete"Removing Oligarchs from Per-Capita GDP"
http://psdblog.worldbank.org/psdblog/2010/01/gdp-inequality.html
Thanks for blogging & congrats that Ritholtz re-posted some of your work (again) on such a hot topic as the GDP release. I rarely comment, but I stop in here every morning. Cheers and thank you!
-Sundog
The release is heartening but we are interested in the real picture. The stimuli might have helped create some artificial demand but time will prove that counter cyclicla measures are going do more harm than good.
ReplyDeleteMarkets should start correcting and maintain weak bias going ahead. If I am not wrong, the fall from here would be without any meaningful bounce back, whethter it is commodities or equities. Fast ripe, fast rotten.