That said, there is some new data out today by the Bureau of Economic Analysis that is of mild interest.
I don't think the specific growth numbers of the BEA in a new release should be taken as gospel, however, I do believe the trends accurately reflect what went on in the economy in 2012 (and what continues to go on).
In the release, the BEA has provided new and expanded detail on the industry sources of U.S. economic growth in 2012. Overall, 20 of 22 industry groups contributed to the 2.8 percent increase in real GDP, according to the BEA. Professional and business services; finance, insurance, real estate, rental, and leasing; mining; and manufacturing were the leading contributors to growth.
- Professional, scientific, and technical services real value added—a measure of an industry’s contribution to GDP—increased 4.2 percent in 2012, continuing to reflect strong growth in computer systems design and related services.
- Real estate and rental and leasing increased 2.2 percent in 2012, the third consecutive year of positive real value added growth.
- Mining rose 14.0 percent in 2012, after increasing 9.9 percent in 2011, reflecting strong growth for oil and gas extraction.
Looks like debasing the dollar is giving a big boost to manufacturing:
ReplyDeleteManufacturing’s current-dollar share of GDP increased for the third consecutive year, to 12.5 percent, its highest share since 2007.
Yep, Jerry, having the American workers to earn just about as much as these dirt-poor people in Asia will make them competitive for sure. Keep trolling.
DeleteThanks for The Bureau of Economic Analysis Report which does show economic growth.
ReplyDeleteAs an economist, specifically a dispensation economist, that is one who believes that Jesus Christ is in dispensation of all things economic and political for the completion and fulfillment of every age, I ask an important question where did the economic growth come from?
Under liberalism, the speculative investment leverage community, was the source of monetary transmission. Fiat money was the element of economic life. Economic life centered around both consumer spending and the investing activity of the investor. It’s important to recognize that economic growth was the outcome of the two factors of consumer spending and the investor exercising risk-on investment choice across a broad spectrum of investment opportunities. The engine of economic growth under liberalism was consumer spending and investment choice.
A crisis of trust pivoted the stock market from a bull market to a bear market on the week ending January 17, 2014 as Reuters reported Bond trading stings Citigroup in 4th quarter. and the Global Financials IXG, pivoted lower, as The Too Big To Fail Banks, RWW, were led lower by Citigroup, C.
As the Global Financials, IXG, pivoted lower, the world pivoted from the paradigm and age of liberalism into that of authoritarianism.
Regional economic fascism will be the dynamic of The Great Economic Transformation, where liberalism’s investor, morphs to become authoritarianism’s debt serf, through the failure of fiat money.
Authoritarianism’s footprint is that of the debt serf, where the beast regime establishes ever increasing debt servitude through the establishment of diktat money, the aim of which is to advance regional security, stability and sustainability.
Under liberalism, one had economic life as an investor, where one trusted in the investment choice policies of democratic nation state sovereignty, as well as trusted in the credit policies of the banker regime sovereignty, enjoying the seigniorage of fiat money.
Now, one has economic life as a debt serf, where one complies in the diktat policies of regional governance sovereignty, as well as in the debt servitude policies of the beast regime, laboring under the seigniorage of diktat money.
Under liberalism, the speculative investment leverage community, was the source of monetary transmission. Fiat money was the element of economic life. Economic life centered around both consumer spending and the investing activity of the investor. It’s important to recognize that economic growth was the outcome of the two factors of consumer spending and the investor exercising risk-on investment choice across a broad spectrum of investment opportunities. The engine of economic growth under liberalism was consumer spending and investment choice.
For example, leading regional banks, KRE, such as HBAN, SNV, FIBK, SIVB, OZRK, GBCI, PACW, FFIN, and UCBI, spawned economic growth, as a result of consumer spending and the investment activity of the investor, which carried impact seen in economic metrics such as Housing Starts, GDP Reports, Industrial Production, ADP Payroll, Construction Spending, and the Purchasing Manager’s Index. These were not goals, but rather statistical attributes, that is metrics, associated with risk-on investing.
Now under authoritarianism, regional leaders are the source of monetary transmission, as they rule in diktat money, which becomes the element of economic life. Economic life centers round the compliance of the debt serf as the leaders manage the economy to achieve regional security stability, security and sustainability.