Yes, but he said "our heirs," which would imply a timeframe far longer than 4 years and would suggest that many of us will not see growth again in our lifetime. I'm just trying to see if anyone p...
https://econbrowser.com/archives/2009/01/oh_yes_its_a_re#comment-142770
Inventories will cause Q109 to have a worse GDP growth rate than Q408. But the good news is, almost all excess inventory will be flushed out by Q209, enabling a strengthening in Q309.
https://econbrowser.com/archives/2009/01/oh_yes_its_a_re#comment-142769
@:MM "15/20 YEARS DOWN THE LINE" THAT WOULD BE THE VERY LONG RUN 70 YEARS AGO IN "ONLY" 4 YEARS GDP LOST NEARLY 30%
https://econbrowser.com/archives/2009/01/oh_yes_its_a_re#comment-142768
"That should be: We or our heirs..." Pretty grim. So what do you figure we'll come out of this with in GDP when America finally grows again? 15 - 20 years down the line, about $8 trillion USD fro...
https://econbrowser.com/archives/2009/01/oh_yes_its_a_re#comment-142767
We will declare the recession to be over when the index falls below
33%.
That should be: We or our heirs...
https://econbrowser.com/archives/2009/01/oh_yes_its_a_re#comment-142766
Household Operation (under Services) also had a surprising 0.47 addition to GDP..the others generally negative, including the preceding 2. It's not as if folks are calling in Minute Maids these d...
https://econbrowser.com/archives/2009/01/oh_yes_its_a_re#comment-142765
In addition to increase in private inventories, other two odd positive contributors to GDP growth were personal expenditures on gas/oil (added +0.63% to GDP) and personal expenditures on electric...
https://econbrowser.com/archives/2009/01/oh_yes_its_a_re#comment-142764
There wasn't much more on Inventory as the industry economists say very little about their under-estimate of Inventory...it's not as if they don't know that vehicles were/are not selling. It is a...
https://econbrowser.com/archives/2009/01/oh_yes_its_a_re#comment-142763
GWF: More on inventories from WSJ Real Time.
https://econbrowser.com/archives/2009/01/oh_yes_its_a_re#comment-142762
Very small point, but you imply that GDP numbers came in as forecast once you adjust for inventory investment. That logic implies that the forecasts didn't include any inventory accumulation, whi...
https://econbrowser.com/archives/2009/01/oh_yes_its_a_re#comment-142761