GDP

Economist and gold bull Peter Schiff doubled down on his negative outlook for the economy and inflation trajectory in a fresh post on X, formerly Twitter, late Thursday. What Happened: The 4.9% third-quarter U.S. GDP growth may not be a healthy one, Schiff suggested in the wake of data released by...

Thursday morning brought mixed economic prints, providing insights into the current state of the U.S. economy. The data releases covered third-quarter economic growth, jobless claims and manufacturing health in the Philadelphia Federal Reserve district. Economic Highlights: The economic growth...

Businessman and author Robert Kiyosaki yet again warned of an impending economic crash, adding that it may actually “turn into a depression.” What Happened: Kiyosaki, known for his self-published personal finance book series “Rich Dad Poor Dad,” in a post on X,...

It was a big week for spending. The consumer bought huge amounts of holiday gifts. (For my fellow Michiganders, the consumer did get much on sale because they require big savings.) The government bought a big positive revised GDP print. And Sheldon Adelson’s widow, Miriam, bought most of a...

Central banks representing two-thirds of the world's nations and 98% of the global GDP are currently exploring the development of CBDCs, Coindesk reported, citing Bank of America. But a digital dollar? Don't expect one anytime soon. What Happened: “The Federal Reserve (Fed) continues...

As you know we were bearish in 2022 and turned bullish for subscribers near year-end 2022. We stayed bullish through 2023. While everybody was bearish expecting a recession at 2022 year-end, we were data dependent. Jobless claims and the GDP data were showing strength turning into 2023. I never...

The U.S. economy is in good shape, but close observers of Thursday's gross domestic product report are flagging some unsettling trends. What Happened: Indeed, the latest data exceeded economist projections. The U.S. economy recorded an impressive 4.9% growth rate in the third quarter...

Despite earlier concerns of a recession in the second part of the year, the U.S. economy has just demonstrated its most robust quarterly performance since the fourth quarter of 2021. When we exclude the post-pandemic period, it stands as the strongest quarter since the second quarter of 2014....

The U.S. economy outperformed expectations by recording a robust 4.9% growth rate in the third quarter of 2023, as revealed by advance estimates released on Thursday by the Bureau of Economic Analysis. This exceeded the economist projected growth rate of 4.3%. When excluding the post-pandemic...

The Bureau of Economic Analysis (BEA) is preparing to release its third-quarter advance estimates for the U.S. gross domestic product (GDP) on Thursday. The U.S. is poised to showcase its most robust economic growth rate in years. The latest data is in stark contrast to views and recession fears...

Thursday’s economic data featured notable highlights: a 2.1% annualized growth rate for the U.S. economy in the second quarter of the year and a lower-than-expected increase in jobless claims from the prior week, which held close to a nine-month low. Treasury yields continued to rise further...

If investors hoped that the recent Jackson Hole symposium would clarify the Fed’s direction on interest rates, it appears to have only added more ambiguity to the market. Fed Chair Jerome Powell‘s speech carried both hawkish and dovish undertones. He asserted the Fed’s...

This piece originally appeared on August 10, 2023. There’s been a lot of hope and enthusiasm in the press and the stock market for a “soft-landing”. The idea is that the Federal Reserve may be able to start to bring down interest rates at just the right time and avoid a recession...

In honor of the entire mainstream media squawking about interest rates at 22-year highs (while being in-line with long-term trends), we’ll be introducing all of this week’s “Things” with clickbait headlines. This week, DKI readers and Twitter (or “X”) followers...

The surge in artificial intelligence (AI) investment could have a more profound effect on the U.S. gross domestic product (GDP) than historical milestones such as the invention of electricity or the emergence of personal computers. That's according to Goldman Sachs (NYSE: GS) eonomists Joseph...