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

While Inflation Threatens, the U.S. Economy is Firing on All Cylinders

Washington, DC (Thursday, June 24, 2021): On June 24, 2021, the federal Bureau of Economic Analysis (BEA) released data for the first quarter 2021 Gross Output (GO) – the most comprehensive measure of total spending in the economy, including the … Continued

Gross Output (GO) Growth Outpaces GDP Again to Suggest Robust Recovery

Washington, DC (Thursday, March 25, 2021): On March 25, 2021, the federal Bureau of Economic Analysis (BEA) released data for the fourth quarter 2020 gross output (GO) – the most comprehensive measure of total spending in the economy, including the … Continued

Business-to-Business (B2B) Spending Grows Faster Than GDP!

Washington, DC (Tuesday, December 22, 2020): On December 22, 2020, the federal Bureau of Economic Analysis (BEA) announced that gross output (GO) – the most comprehensive measure of total spending in the economy, including the supply chain – rose dramatically … Continued

GO-Day Celebration: Gross Output and GDP published on Same Day for the First Time

Dear friends, Good news!  For the first time, the federal government (BEA) has released the “top line” gross output (GO) at the same time as the “bottom line” GDP.  For years, publicly-traded companies have simultaneously posted the top line (sales/revenues) and the … Continued

GO Matches GDP – The Economy More Resilient Than We Thought

Washington, DC (Wednesday, September 30, 2020):  On September 30, 2020, the federal Bureau of Economic Analysis (BEA) announced that gross output (GO) – the most comprehensive measure of total spending in the economy, including the supply chain – slowed dramatically … Continued

Despite a First Decline in More Than a Decade for Q1, Gross Output (GO) Might Still Offer Hope for a Robust Recovery in Late 2020

Washington, DC (Tuesday, July 7, 2020):  On July 6, 2020, the federal Bureau of Economic Analysis (BEA) announced that gross output (GO) – the most comprehensive measure of total spending in the economy, including the supply chain – slowed dramatically … Continued

GO Beyond GDP: A Breakthrough in Macroeconomics

A Paper Presented to the Mont Pelerin Society Meetings on May 8, 2017, Seoul, Korea (anniversary of Friedrich Hayek’s birthday) by Mark Skousen Presidential Professor, Chapman University “Gross output [GO] is the natural measure of the production sector, while net … Continued

Gross Output (GO) Anticipated Slowdown in 2020 – Before the Deluge

Washington, DC (Monday, April 6, 2020): On April 6, 2020, the federal Bureau of Economic Analysis (BEA) announced that gross output (GO) – the most comprehensive measure of total spending in the economy, including the supply chain – slowed dramatically … 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

Recent Growth of GDP and Gross Output

posted in: Gross Output | 0

Using Gross Output (GO) that the Bureau of Economic Analysis (BEA) has been releasing every quarter since April 2014, David Ranson, chief economist for the private forecasting firm HCWE & Co., has been tracking and analyzing the relationship between GDP … Continued

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