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Piketty: the poorest half of Americans saw a "total collapse" in their share of the country's wealth

last weekHumor / odd : Boing Boing

In a new analysis of the World Income Database published by the National Bureau of Economic Research, Thomas Piketty and colleagues from the Paris School of Economics and UC Berkeley, describe a "collapse" of the share of US national...Show More Summary

U.S. Trade Deficit Edged Down Somewhat in December

The Bureau of Economic Analysis and the Census Bureau said that the U.S. trade deficit edged down somewhat, down from $45.73 billion in November to $44.26 billion in December. For...

Trade Deficit at $44.3 Billion in December

From the Department of Commerce reported:The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $44.3 billion in December, down $1.5 billion from $45.7 billion in November, revised. Show More Summary

US Trade Deficit In 2016 Was The Biggest In Four Years

In a report that will be closely watched by Donald Trump, the U.S. Bureau of Economic Analysis announced that the US trade deficit in December decreased modestly last December: In the last month of 2016, the US deficit decreased from...Show More Summary

Americans Accelerated Their Spending at Year’s End

The Bureau of Economic Analysis said that personal spending accelerated at year’s end, rising 0.5 percent in December. This was its fastest monthly pace since September, boosted by strong growth...

Personal Income increased 0.3% in December, Spending increased 0.5%

The BEA released the Personal Income and Outlays report for December: Personal income increased $50.2 billion (0.3 percent) in December according to estimates released today by the Bureau of Economic Analysis... personal consumption expenditures (PCE) increased $63.1 billion (0.5 percent)....Real PCE increased 0.3 percent. Show More Summary

Latest Data Show Weakening Contribution Of Net Exports To GDP Growth

Friday's data release from the Bureau of Economic Analysis shows US GDP growth slowing from a 3.5 percent annual rate in the third quarter to just 1.9 percent in Q4. One factor behind the slowdown deserves a closer look - the declining contribution of net exports to GDP growth. Show More Summary

Fourth Quarter Real GDP Growth at 1.9 Percent

The Bureau of Economic Analysis said that the U.S. economy grew 1.9 percent at the annual rate in the fourth quarter in preliminary data. This was slightly less than the...

Q4 GDP Misses Big As Exports Tumble: US Economy Grows A Paltry 1.6% In 2016

It appears that Deutsche Bank's warning that the global economy is about to roll over was spot on, because moments ago the Bureau of Economic Analysis reported that GDP in Q4 rose only 1.9%, barely above the lowest forecast of 1.7%, and below both the consensus estimate of 2.2% and the whisper estimate of 2.5%-2.6%. Show More Summary

Manufacturing Provided a Small Boost to Real GDP in the Third Quarter

Real GDP grew 3.5 percent in the third quarter, its fastest pace in two years. The Bureau of Economic Analysis provided more detail about growth by industry. In short, real...

Trade Deficit at $45.2 Billion in November

From the Department of Commerce reported:The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $45.2 billion in November, up $2.9 billion from $42.4 billion in October, revised. Show More Summary

U.S. Trade Deficit Rose to a 9-Month High in November

The Bureau of Economic Analysis and the Census Bureau said that the U.S. trade deficit rose to a 9-month high, up from $42.36 billion in October to $45.24 billion in...

Personal Income increased slightly in November, Spending increased 0.2%

The BEA released the Personal Income and Outlays report for November: Personal income increased $1.6 billion (less than 0.1 percent) in November according to estimates released today by the Bureau of Economic Analysis.... personal consumption expenditures (PCE) increased $24.0 billion (0.2 percent)....Real PCE increased 0.1 percent. Show More Summary

2 Ways To Profit From Accelerated R&D Spending

Recently, I discussed the encouraging growth in research and development spending in the most recent U.S. GDP report issued by the Bureau of Economic Analysis (BEA). While GDP growth for the third

U.S. Trade Deficit Edged Rebounded in October

The Bureau of Economic Analysis and the Census Bureau said that the U.S. trade deficit rebounded in October after falling to a 19-month low in September. The trade deficit rose...

Trade Deficit at $42.6 Billion in October

From the Department of Commerce reported:The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $42.6 billion in October, up $6.4 billion from $36.2 billion in September, revised. Show More Summary

Personal Income Grew at Fastest Pace in 6 Months in October

The Bureau of Economic Analysis said that personal incomes rose 0.6 percent in October, its fastest monthly pace of growth since April. On a year-over-year basis, personal incomes have increased...

Personal Income increased 0.6% in October, Spending increased 0.3%

The BEA released the Personal Income and Outlays report for October: Personal income increased $98.6 billion (0.6 percent) in October according to estimates released today by the Bureau of Economic Analysis.... personal consumption expenditures (PCE) increased $38.1 billion (0.3 percent)....Real PCE increased 0.1 percent. Show More Summary

Strong Consumer Spending Revised Real GDP Growth Higher, Up 3.2% in the Third Quarter

The Bureau of Economic Analysis said that strong consumer spending helped push real GDP growth higher, with real GDP growth revised up to 3.2 percent in the third quarter. It...

US GDP Revised HIgher To 3.2% In Q3, Beating Expectations, On Stronger Consumer Spending

The unexpected Q3 economic growth spurt continued in the third quarter, when real GDP increased 3.2% according to the “second” estimate released by the Bureau of Economic Analysis, beating estimates of a 3.0% print, and 0.3% higher than the “advance” estimate released in October. Show More Summary

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