click for larger chart
iVzsyKoqyUtU
Source: Econtrarian

 

The past two days have seen two positive surprises in economic data. Yesterday, the gross domestic product came in at 2.8 percent growth, significantly better than consensus expectations of 2 percent. This morning, payrolls jumped by 204,000 workers, against median estimates of 163,000.

Now imagine how much better the underlying economy might be if the federal outlays were not contracting.

What’s that you say? Isn’t government spending out of control?

 

Continued here

 

 

Category: Data Analysis, Economy, Politics

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

5 Responses to “D.C. Is Dragging Down the Economy”

  1. DeDude says:

    Would be nice to compare this with previous recessions. The last big recession during Reagan was as far as I can remember not followed by cuts in spending.

  2. VennData says:

    The only thing out of controls are the GOP Media Machine lunatics doing everything they can to keep their rich patron’s taxes as low as possible, damn the consequences.

  3. louiswi says:

    Thanks for the information Barry, we are adjusting our investment strategy accordingly.