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Revising The GDP Again, Or Keeping Up Economic Appearances

By Rachel Mills: As happens every so often, government bean counters at the Bureau of Economic Analysis (BEA) have decided that the way we've been calculating GDP in the past is wrong, all wrong and we must "fix" it. We must incorporate...Show More Summary

Don’t like the GDP numbers? Change the rules …

Seems easy enough.  That way you can claim to be improving it even while nothing is actually improving in reality: The Bureau of Economic Analysis announced last week it would be changing the guidelines with which it calculates Gross Domestic Product, more familiarly known as the GDP, the standard by which the size and growth [...]

U.S. Trade Deficit Narrows in March on Reduced Exports, Imports

The Bureau of Economic Analysis and the Census Bureau said that the U.S. trade deficit fell from $43.63 billion inRead the Rest...

A Preliminary Forecast For Q2's GDP

By Ironman at Political Calculations: As expected, the first estimate of GDP for the first quarter of 2013 came in above the midpoint of our target forecast range, with the Bureau of Economic Analysis reporting that the aggregate national income of the United States was $13,750.1 billion in terms of constant 2005 U.S. Show More Summary

PCE Price Index Update: The Disinflationary Trend Continues

By Doug Short: The April Personal Income and Outlays report for March was published Monday by the Bureau of Economic Analysis. The latest Headline PCE price index year-over-year (YoY) rate of 0.97% is a decrease from last month's adjusted 1.34%. Show More Summary

Q1 2012 GDP Details: Single Family investment increases, Commercial Investment very Low

The BEA released the underlying details for the Q1 advance GDP report today. The first graph is for Residential investment (RI) components as a percent of GDP. According to the Bureau of Economic Analysis, RI includes new single family...Show More Summary

Personal Income And Spending: Nothing To Impress

By Karl Denninger: So what do we have here? Personal income increased $30.9 billion, or 0.2 percent, and disposable personal income (DPI) increased $20.7 billion, or 0.2 percent, in March, according to the Bureau of Economic Analysis. Show More Summary

Personal Income and Spending Eases in March

The Bureau of Economic Analysis (BEA) said that personal income and spending growth eased in March. Personal income rose justRead the Rest...

Personal Income increased 0.2% in March, Core PCE prices up 1.1% year-over-year

The BEA released the Personal Income and Outlays report for March: Personal income increased $30.9 billion, or 0.2 percent... in March, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $21.0...Show More Summary

GDP growth of 2.5% for first quarter fails to meet expectations

In the first of three monthly reports for the first quarter of 2013, the Bureau of Economic Analysis announced Friday that real—that is, inflation-adjusted—annualized growth in gross domestic product was 2.5 percent. That is well below the 3.2 percent consensus of Dow Jones experts surveyed ahead of time. Show More Summary

Bull Trip: GDP Report Q1 2013 (First Estimate)

By Sold At The Top: Today, the Bureau of Economic Analysis (BEA) released its first "estimate" of the Q1 2013 GDP report, showing that the economy grew in the quarter with real GDP improving at an annualized rate of 2.5% from Q4 2012. On a Complete Story »

With GDP Revisions, BEA Aims to Keep It Simple

Steve Landefeld, who has directed the Bureau of Economic Analysis since 1995, presides over a vast operation that strives not to be complex.

US GDP Growth Accelerates from a Crawl to a Walk in Q1

US GDP growth accelerated from a crawl to a walk in the first quarter of 2013, according to the advance estimate issued today by the Bureau of Economic Analysis. The reported annual growth rate of 2.5 percent was just a bit faster than the average rate during the recovery, and much stronger than the 0.4 percent reported for Q4 2012. Show More Summary

The Economy Grew 2.5 Percent in the First Quarter

The Bureau of Economic Analysis announced that real gross domestic product (GDP) rose 2.5 percent in the first quarter ofRead the Rest...

Q1 GDP Rebounds, But Falls Short Of Forecasts

By James Picerno: U.S. economic growth rebounded in the first quarter after stalling in last year’s final three months, the Bureau of Economic Analysis reports in today's initial GDP estimate. But while Q1’s 2.5% advance (real seasonally...Show More Summary

A Close Look at How the Economy Is Growing

The economy grew by 2.5% in the first quarter, according to Friday's report from the Bureau of Economic Analysis. That's the early reading, at least. These reports are always revised in subsequent months. "Friends don't let friends waste...Show More Summary

Here Are 12 Popular Myths About The US Economy

There remain a lot of misunderstandings and all-out myths out there about the state of the U.S. economy. The Bureau Economic Analysis is here to help. They've put together a presentation (via Barry Ritholtz) to sort through what's real and what's hearsay. Taxes, debt, offshoring and wages are all covered. It's pretty eye-opening. Show More Summary

Economy Grows by 2.5 Percent in First Quarter, Slightly Below Expectations

The Bureau of Economic Analysis released its latest gross-domestic-product figures this morning, and they were slightly lower than expected: The economy grew by 2.5 percent, while economists had predicted about 3 percent growth in the...Show More Summary

Revising The Calculation Of GDP: Fuzzy Accounting Raises Red Flags

ByEric Hyder: Background The US Bureau of Economic Analysis (BEA) recently announced that starting in the 3rd quarter 2013 it will be revising the way it calculates Gross Domestic Product (GDP). The link is here. This revision involves...Show More Summary

Bureau Of Economic Analysis Shows Why Copyright Terms Should Be Greatly Diminished

4 weeks agoIndustries / Law : Techdirt

We've pointed a few times in the past to a chart from William Patry's book, looking at how frequently copyright was renewed at the 28 year mark back when copyright (a) required registration and (b) required a "renewal" at 28 years to keep it another 28 years. Show More Summary

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