Alternative Visions- US GDP 1st Quarter 2024 + Why Mainstream Economists’ Forecasts Consistently Fail Alternative Visions podcast

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Alternative Visions- US GDP 1st Quarter 2024 + Why Mainstream Economists’ Forecasts Consistently Fail

21d ago 56:11

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Innehåll tillhandahållet av Progressive Radio Network. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Progressive Radio Network eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

The first pass for US GDP for 1st Quarter 2024 was released last week. Today’s show dissects the areas generating growth vs. those slowing US economy. Takeaways from the data are discussed: Contracting now are consumer spending on goods, business private inventories and a big contraction in net exports. Only consumer spending on services continue to drive GDP as government spending slows but remains positive. The show explains why the 1.6% GDP rise in Jan-March was actually lower, once the adjustment for prices is more accurately estimated. Why and how the US low-balls inflation and thereby boosts real GDP. Real growth in US economy was therefore flat. The show then discusses why mainstream economists consistently get their forecasts of the economy wrong—prices, jobs, and GDP—because their forecast models contain multiple assumptions that are simply incorrect.

… continue reading

27 episoder

#Tech #Podcasting #Progressive Radio Network

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Alternative Visions- US GDP 1st Quarter 2024 + Why Mainstream Economists’ Forecasts Consistently Fail

Alternative Visions

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published 21d ago

Dela

MP3•Episod hem

Innehåll tillhandahållet av Progressive Radio Network. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Progressive Radio Network eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

The first pass for US GDP for 1st Quarter 2024 was released last week. Today’s show dissects the areas generating growth vs. those slowing US economy. Takeaways from the data are discussed: Contracting now are consumer spending on goods, business private inventories and a big contraction in net exports. Only consumer spending on services continue to drive GDP as government spending slows but remains positive. The show explains why the 1.6% GDP rise in Jan-March was actually lower, once the adjustment for prices is more accurately estimated. Why and how the US low-balls inflation and thereby boosts real GDP. Real growth in US economy was therefore flat. The show then discusses why mainstream economists consistently get their forecasts of the economy wrong—prices, jobs, and GDP—because their forecast models contain multiple assumptions that are simply incorrect.

… continue reading

27 episoder

#Tech #Podcasting #Progressive Radio Network

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