Recent Growth of GDP and Gross Output
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
The US Economy is NOT Slowing Down. Business Spending Soars!
By Mark Skousen Editor, Forecasts & Strategies Washington, DC (Thursday, February 21, 2018) “Gross Output provides an important new perspective on the economy and a powerful new set of tools of analysis, one that is closer to the way … Continued
Gross Output Indicates Continued Boom in the U.S. Economy as Business Spending Expands Rapidly in Q2
Washington, DC (Thursday, November 1, 2018): Gross output (GO), the top line of national accounting that measures spending at all stages of production, continued to build on the growth from the first quarter and advanced at an even faster pace … Continued
US Economy Continues to Expand, but Business Spending Slows Temporarily
Washington, DC (Friday, July 20, 2018): Gross output (GO), the top line of national accounting that measures spending at all stages of production, continued to expand in the first quarter, but at a slower pace than the previous quarter. Based … Continued
If GDP Lags, Watch the Economy GO
‘Gross output’ reflects the full value of the supply chain, and it portends much faster growth. Reprinted from THE WALL STREET JOURNAL. By Mark Skousen The Bureau of Economic Analysis will release its preliminary first-quarter growth figure on Friday. According … Continued
Away We GO: Business Spending Accelerates in 4th quarter 2017
Washington, DC (Thursday, April 19, 2018) Gross output (GO), the top line of national accounting that measures spending at all stages of production, accelerated economic growth to record levels in the 4th quarter 2017. Based on data released on … Continued
GDP Accelerating in Q2 2018
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)
Mark Skousen Responds to Walter Block’s Critique of GO
Revista Procesos de Mercado (Review of Market Processes) has just published Mark Skousen’s article, “Blocking Progress in Austrian Economics: A Rejoinder,” where he defends his work in gross output (GO) and responds to a recent critique by Walter Block. Read … Continued
GO Slow: New Leading Indicator Predicted Slowdown in GDP
by Mark Skousen Presidential Fellow, Chapman University Editor, Forecasts & Strategies For the previous two quarters (Q2 and Q3, 2017) Gross Output, the new broader measure of the economy that includes the supply chain, was growing at a slower rate … Continued
THIRD QUARTER GROSS OUTPUT AND B2B SPENDING GAIN MOMENTUM
Washington, DC (Friday, January 19, 2018): Gross output (GO), the top line of national accounting that measures spending at all stages of production, gained momentum in the 3rd quarter 2017. Based on data released on Friday, January 19, 2018 by … Continued