New GO Shows a Decent Recovery, Not a Severe Recession.

Washington, DC (Wednesday, June 29, 2022): Today, the federal government released gross output (GO) – the measure of total spending in the economy – for the 1st quarter 2022. Real GO rose 2.0% (after inflation). Surprisingly, GO was positive while … Continued

Fourth Quarter Gross Output Confirms Stagflation for 2022, But No Recession

Washington, DC (Wednesday, March 30, 2022): Today, the federal government released gross output (GO) – the measure of total spending in the economy – for the 4th quarter 2021. Real GO rose 3.8% (after inflation), which was another indication of a … Continued

Despite Higher Inflation, the U.S. Economy Continues to Boom: Gross Output (GO) Hits $50 Trillion!

Washington, DC (Thursday, September 30, 2021): For the first time in history, total spending in the economy, Gross Output (GO), hit $50 trillion 2021, based on the latest economic data release.  Gross Output (GO) is the top line in national … Continued

Don’t Worry about the U.S. Consumer

Take a look at today’s article about the U.S. consumer by Brian Wesbury, chief economist at First Trust Chicago:  https://www.ftportfolios.com/Commentary/EconomicResearch/2019/12/2/dont-worry-about-the-us-consumer He uses my gross output (GO) statistic to refute the myth that consumer spending drives the economy.  It’s a beautifully written … Continued

GDP Accelerating in Q2 2018

posted in: Main, Press Release | 0

The graph below demonstrates that the supply chain in the US (“real intermediate output”) is growing fast, and suggests strong economic growth into 2018. Graph created by David Ranson, HCWE & Co. (www.hcwe.com)  

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