Q2 GDP Prelim; Initial Claims
Summary: Headline reads initial claims decline,
under the sheets... long term unemployment spikes as the situation worsens.
Headline reads GDP accelerates at fastest pace since Q307, the economy is growing, under the sheets...
increased exports and spending (both due to double digit price stagflation) spurred the so called "growth", while real GDP is almost zero.
Initial Claims 08/23 -10K at 425K vs 435K Full Report
Inside the number: prior revised up 3K. 4 week MA -6K at 440.25K. Continuing unemployment +64K at 3.423M; 4 week MA +36.25K at 3.365M
GDP-Prel. Q2 +3.3% vs Q1 +0.9% Full Report
Inside the number: Corporate profits down... Q2 -$37.8 billion vs Q1 - 17.6 billion.
Durable activity in the toilet... Real residential fixed investment -15.7%; Equipment & software Q2 -3.2% vs Q1 -0.6%; Automotive Q2 -0.99% vs Q1 -0.41% from GDP.
Double digit price stagflation spikes export numbers... exports of goods & services Q2 +13.2% vs Q1 +5.1%.
And spikes consumer prices... goods exports +16.6%; price index for gross domestic purchases Q2 +4.2%; non durables +6.6%.
Meanwhile despite $5 gasoline, a contracting economy had imports falling off the map... real imports Q2 -7.6% vs Q1 -0.8%.
Final sales of domestic product decelerating Q2 +1.2% vs Q1 +2.7%.
And heres your real stagflation rates from Table 4 Price Indexes for net export of goods +12.6%; net import of goods +30.9%
Net export contribution of goods & services was net export 1.65 + net import 1.45 = 3.1,
adjusting for the double digit price stagflation from these two leaves advertised GDP at an anemic +0.2%
The Nattering One muses... in other words prices are way up and sales are way down.
How can you call double digit price stagflation growth? Uninformed investors were completely duped with the DJIA up 212.
under the sheets... long term unemployment spikes as the situation worsens.
Headline reads GDP accelerates at fastest pace since Q307, the economy is growing, under the sheets...
increased exports and spending (both due to double digit price stagflation) spurred the so called "growth", while real GDP is almost zero.
Initial Claims 08/23 -10K at 425K vs 435K Full Report
Inside the number: prior revised up 3K. 4 week MA -6K at 440.25K. Continuing unemployment +64K at 3.423M; 4 week MA +36.25K at 3.365M
GDP-Prel. Q2 +3.3% vs Q1 +0.9% Full Report
Inside the number: Corporate profits down... Q2 -$37.8 billion vs Q1 - 17.6 billion.
Durable activity in the toilet... Real residential fixed investment -15.7%; Equipment & software Q2 -3.2% vs Q1 -0.6%; Automotive Q2 -0.99% vs Q1 -0.41% from GDP.
Double digit price stagflation spikes export numbers... exports of goods & services Q2 +13.2% vs Q1 +5.1%.
And spikes consumer prices... goods exports +16.6%; price index for gross domestic purchases Q2 +4.2%; non durables +6.6%.
Meanwhile despite $5 gasoline, a contracting economy had imports falling off the map... real imports Q2 -7.6% vs Q1 -0.8%.
Final sales of domestic product decelerating Q2 +1.2% vs Q1 +2.7%.
And heres your real stagflation rates from Table 4 Price Indexes for net export of goods +12.6%; net import of goods +30.9%
Net export contribution of goods & services was net export 1.65 + net import 1.45 = 3.1,
adjusting for the double digit price stagflation from these two leaves advertised GDP at an anemic +0.2%
The Nattering One muses... in other words prices are way up and sales are way down.
How can you call double digit price stagflation growth? Uninformed investors were completely duped with the DJIA up 212.
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