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
New Academic Article Supports GO and Austrian Theory of the Business Cycle
Mark Gertsen (University of Groningen) has just published an academic study in favor of gross output (GO) as a powerful new macroeconomic tool and statistic. His article, “Interest Rates, Roundaboutness, and Business Cycles: An Empirical Study,” is published in the fall … Continued
U.S. Economy on the GO: Total Spending Accelerates
Washington, DC (Thursday, January 9, 2020): On January 9, 2020, the Bureau of Economic Analysis (BEA) released the “top line” measure of total spending at all stages of the economy, known as gross output (GO), for the 3rd quarter 2019. … 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
U.S. Enjoys a Modest Recovery – No Recession in Sight!
Washington, DC (Tuesday, October 29, 2019): On October 29, 2019, the Bureau of Economic Analysis released gross output (GO) data for the 2nd quarter 2019. The 2.0% real-term growth in the second-quarter 2019 was 25% higher than the 1.6% … Continued
Trade War Threatens Recession
Washington, DC (Monday, July 29, 2019): On July 19, 2019, the federal government released gross output (GO) for the 1st quarter 2019, and the 1.6% real-term growth — which was 30% lower than the 2.3% advancement from the previous period … Continued
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