The economy is not nearly as strong as most people think. There is no growth to speak of. And without growth, it doesn’t make sense to pay so much for stocks.
February 3rd, 2012 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "U.S. GDP"
Everything Isn’t Fine in the US Economy
The US economy has come back to output levels of ’07. But this feeble rebound not only holds the title of “weakest post-war recovery ever,” it also shows that something else is going on. Most economists have no idea what. So, they just think this “recovery” is unusually slow.
January 31st, 2012 | Bill Bonner | 0 comments | Continued
Why US GDP Figures Mean Nothing
Here’s a meaningless abstraction for you, Fellow Reckoner. US GDP grew at an annualised rate of 1.7% for 2011. Now, what does that sentence actually tell us?
January 30th, 2012 | Joel Bowman | 2 comments | Continued
Americans Aren’t Borrowing Or Buying
This is the story we’ve been telling here at The Daily Reckoning for two years. Americans have to cut back. They are out of time and out of money.
October 13th, 2009 | Bill Bonner | 1 comment | Continued
Roubini Says United States Will Climb Out of Recession Towards End of Year
Maybe he will be right. Maybe this downturn will resemble Japan’s multiple recessions over the last two decades. Or maybe it will be a single, deeper and longer lasting slump – like the one in the early ’30s. We don’t know. Either way, it should be thought of as a depression…
August 19th, 2009 | Bill Bonner | 0 comments | Continued
This Reflation is Not Yet a Monster Hyper-inflation
The market begins the month of August trying to prove that the Great Recession is over and the earnings recovery has begun. On Friday, US GDP data came out and seemed to confirm that just maybe the worst is behind us. According to the cryptic figures, US GDP is shrinking at annualised pace of just 1% – considerably less than the 6.4% from late last year.
August 3rd, 2009 | Dan Denning | 0 comments | Continued
Velocity of Money and the U.S. GDP
This week, the Mogambo is bombarded by a variety of fiscal numbers, from the velocity of money to US GDP. And as bad as they all are, it’s no wonder they’re giving him nightmares. The Mogambo explains…
June 23rd, 2009 | Mogambo Guru | 1 comment | Continued
Geithner’s Trip to China Was, At Best, a Draw
His goal was to bluff and bamboozle the world’s investors – notably China – into believing that the US had its finances under control. Once we’re out of this mess, he told China’s top man, we’re going straight.
June 5th, 2009 | Bill Bonner | 0 comments | Continued
It May Be a Depression But it Doesn’t Seem Like One
As expected, the financial world seems to be walking with a lighter step. It feels the sun on its face…and guesses that the long winter is behind it.
April 28th, 2009 | Bill Bonner | 2 comments | Continued
U.S. Stocks Concentrate on Present Bond Market Data
Maybe investors were relieved that the auction of US$24 billion in seven-year notes went off without a hitch. It’s always good to know your creditors haven’t cut you off yet-especially when you need to borrow another $2 trillion. It’s no wonder the Dow rallied 174 points and the NASDAQ climbed into positive territory for the year.
March 27th, 2009 | Dan Denning | 2 comments | Continued
Downsizing America
For the past couple of years, I have been giving a speech at conferences titled Downsizing America. It discusses a fact of life: America’s economy is getting a little smaller. This “shrinkage” is likely to be a secular – as opposed to cyclical – set of changes.
March 25th, 2009 | The Daily Reckoning | 1 comment | Continued
The World Needs More Richard Bransons
Not to be a Danny Downer, but arguably worse news comes out of Japan. There we learn that Japan ran its first current account deficit in 13 years-shocking news for an economy that’s driven by export growth. Exports fell a mind-boggling 46.3% from the year before.
March 10th, 2009 | Dan Denning | 1 comment | Continued
We Do Not Live in Normal Times
We do not live in normal times, which is too bad, because it seems like a pretty nice first working day of March here in Melbourne. Later this week the Reserve Bank of Australia meets on interest rates. It will have to decide if bad news in the rest of the world (a revised 6.5% contraction in fourth quarter U.S. GDP, for example) is enough to lower rates for 3.25%–or if it has time to wait and see.
March 2nd, 2009 | Dan Denning | 10 comments | Continued
