Tuesday, March 07, 2017

GDPNow following past Q1 Pattern

Latest forecast: 1.3 percent — March 7, 2017

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2017 is 1.3 percent on March 7, down from 1.8 percent on March 1. The forecasts for first-quarter real personal consumption expenditures growth and real nonresidential equipment investment growth fell from 2.1 percent and 9.1 percent, respectively, to 1.8 percent and 7.3 percent, respectively, after Thursday's motor vehicles sales release from the U.S. Bureau of Economic Analysis. The forecast of the contribution of inventory investment to first-quarter growth fell from -0.50 percentage points to -0.72 percentage points after yesterday's manufacturing report from the U.S. Census Bureau.

34 comments:

sm_landlord said...

I usually never look at Forbes, since their web site is so very annoying in so many ways. However, someone sent me a this link:

https://www.forbes.com/sites/thomasdelbeccaro/2017/02/22/ca-the-physical-collapse-of-a-social-state/#58cfd2e46bdb

...and it was too funny to pass up...

Rob Dawg said...

Too funny to pass up? Too spot on and horrifying to pass up you mean.

Admit it. "Dawgifornia" is not only looking better but looking more likely. Make sure you are on the correct side of Mugu Rock when the time comes. Truth told if you can get past Neptune's Net you'll be okay. We are taking most of the Santa Monica Mountains with us.

Mike said...

no fossil fuel use in Kali by 2045?? cool..more for the rest of us.. ;<)

Mike said...

California is a perfect example of what happens when either party gets a super-majority in govt...rampant insanity soon follows.. :<)

Rob Dawg said...

I've tried to make it clear that if it were the Republicans holding exclusive power things would be as bad just different bad. Gosh, i wish Brown were the governor. Pat Brown.

Rob Dawg said...

FTR I doubt I will be using any "net" fossil fuel use 2045. I expect to be around somewhere. i just don't think that will involve using fossil fuel in California. While Heinlein's ceramic conversion screens aren't going to happen, batteries and solar are going to get better. A lot better. That story has always been a favorite.

LBD said...

I doubt the politicians who pass these laws will be around when then hammer falls.

Mike said...

I've tried to make it clear that if it were the Republicans holding exclusive power things would be as bad just different bad.

yeah..without the natural checks and balances a second party provides..the extremists tend to take over. Next example...FedGov after the R's get their 60 seat majority in Congress in 2018..

Mike said...

"in the Senate"

Cinco-X said...

Glad you can have a sense of humor about that

Cinco-X said...

So... The opposite of Brownback isn't good?

Cinco-X said...

Relax... Maybe 59, but with Collins and Paul you can only count on 57... Probably a good thing

Rob Dawg said...

I'm not worried about FedGov. It is too slow. Thankfully. CA took near 20 years to get this twisted. Would take even longer Federally. Besides, the rs have no idea how to act as a majority.

Mike said...

Maybe 59, but with Collins and Paul you can only count on 57

then expect Maine and Tennessee to get a lot of discretionary infrastructure spending thrown their way...lol

Mike said...

oops..Kentucky I mean

Mike said...

Would take even longer Federally.

yeah the liberal dominated bureaucracy would act as a brake on things for a while..at least until Oprah arrives in 2020...lol

Cinco-X said...

I thought Paul was senator from Kentucky

Cinco-X said...

Oops! To quick on my response

Cinco-X said...

Don't laugh

Rob Dawg said...

Tried to participate in a MuddyEcon thread. sum_luk wasted no time with a cheap shot. Turns out I was being to sensitive and it was just a joke. Right.

Mike said...

..reading a biography of Andrew Jackson..so I have Tennessee on my mind.. ;<)

Rob Dawg said...

Oprah spelled backwards is Harpo. Yeah such a change. Coastal billionaire never holding office promising change using the persuasion powers of business and TV experience.

Mike said...

if Oprah is our next POTUS..they'll have to invent a new word for her press/media treatment..because "fawning" will not even come close.

Rob Dawg said...

But imagine the debate:

"Bitch!"
"Honky!"
"Liberal!"
"Mysoginist!"
"uhhhh, bad person...."

Rob Dawg said...

Interesting consequence. I left a short comment on the Dilbert Scott Adams blog about wiretapping. It has 30 up-votes a few hours later.

Cinco-X said...

Ya... Hanging around constantly with jerkinoff and justwankin has had a bad effect on him

Cinco-X said...

Link?

Lawyerliz said...

Yep

Rob Dawg said...

link?

http://blog.dilbert.com/post/158110404781/wiretapping-word-thinking#comments

35 upvotes now. Sort by popularity.

Lawyerliz said...

What did you say?

Cinco-X said...

Up to 41 when I looked. Here's a link from an interesting response:
http://dailycaller.com/2017/03/06/a-bunch-of-questions-and-some-answers-about-trumps-wiretap-claims/
Looks like Obama and friends covered their asses using "reverse targeting" which won't be provable... It's still despicable

Rob Dawg said...

Sadly MuddyEcon is dead to me. sum_luk has completely gone over the edge and has taken the discussion with him. When he said all Republicans lie all the time it was bad enough. Hyperbole but the type that allows no rebuttal. Now it is different. sum_luk claims "…. deep state is an alt-right fantasy. …." which is just plain old fantasy wishing the issue goes away. Even that would be tolerable except it is getting upvotes and support from the usual suspects with no one bothering to inject a note of reason. Why bother? Scatter life vests over the crash site?

Rob Dawg said...

What did you say?
Just to preserve it for the record I wrote to 49 upvotes:


On March 12, 2013, Sen. Ron Wyden, D-Ore., asked National
Intelligence Director James Clapper whether intelligence officials
collect data on Americans.

Clapper responded "No, sir," and, "Not wittingly."

A few months later Snowden happened.
-----

Now almost exactly four years later:

Former CIA Director James Clapper denied that Trump was wiretapped,
saying, "There was no such wiretap activity mounted against the
president, the president-elect at the time, or as a candidate, or
against his campaign,“

Rob Dawg said...

Enceladus:

https://www.nasa.gov/sites/default/files/styles/full_width_feature/public/thumbnails/image/pia20524-1041.jpg?itok=xhB3xLCt