Blogs by Lawrance G Lux
Ouestions?
12/23/2003 10:08:19 AM
GDP grew at an annual rate of 8.2% in Q3, 2003. Job Hires, though, were slight; contributing to the slight gain of 0.5% in Labor Incomes. Inventories were drawn down in November by in excess of $9 Billion.
These numbers tell a story, but one which is not as pleasant as many Forecasters would relate. The rate of Inventory decline, in the face of marginal increase of Consumer spending of 0.4%, means an absense of Inventory stocking. It also means Business purchasing was the major conponent of the GDP growth. This has a real downside, in the presence of minimal Labor Income growth; namely, Business investment was buying foreign product.
Target reported lower than Estimates sales in the Christmas season, as did Walmart; these are the two big Discount houses. Their takeover of Christmas Season sales has been advancing over other Retailers for a decade, and indications are this trend is still continuous. The result must mean Christmas Season shopping is down, even more than last year's. George W. Bush must have scored another losing year with his Tax Cuts and Economic policy. lgl
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More Blogs by Lawrance G Lux
• Spending Plans - Wednesday, May 25, 2011
• Alternate Blog - Thursday, November 18, 2004
• Tax Proposals - Monday, November 08, 2004
• The Election Result - Wednesday, November 03, 2004
• The Osama Tape - Saturday, October 30, 2004
• Post-Election - Thursday, October 21, 2004
• Pre-Election Issues - Sunday, October 17, 2004
• The Debate - Friday, October 01, 2004
• Effect of Outsourcing - Wednesday, September 29, 2004
• Current Economic State - Tuesday, September 28, 2004
• Congress Continues to stick their Heads in the Sand - Wednesday, September 22, 2004
• August Economic Indicators. - Thursday, September 16, 2004
• Best We can Get. - Monday, September 06, 2004
• I smell a Rat. - Friday, September 03, 2004
• Compassionate Conservativism - Thursday, September 02, 2004
• Bush Has Lost Florida - Sunday, August 15, 2004
• Labor--Further Information - Saturday, August 07, 2004
• The Labor Market - Monday, August 02, 2004
• Construction of Fantasy - Saturday, July 31, 2004
• Presidential Responsibility - Sunday, July 11, 2004
• Minimum Wage - Tuesday, July 06, 2004
• The current Economic Problem - Saturday, April 03, 2004
• Eat Crow--Maybe - Friday, April 02, 2004
• New Employment Figures - Thursday, April 01, 2004
• Recession Dating - Saturday, March 06, 2004
• Greenspan Misread It! - Monday, February 23, 2004
• Trade Deficit and Job Growth - Saturday, February 21, 2004
• The Tax Issue - Monday, February 16, 2004
• Productivity Gains and Job Growth - Thursday, February 12, 2004
• Labor Report - Friday, February 06, 2004
• Defense and Homeland Security - Wednesday, February 04, 2004
• Bush Budget Estimates - Saturday, January 31, 2004
• Deficit: Brokings Economic Studies - Thursday, January 29, 2004
• Pension Relief - Thursday, January 29, 2004
• $477 Billion?--What a Joke! - Monday, January 26, 2004
• Income Inequality - Sunday, January 25, 2004
• Revisionist Economic View - Saturday, January 24, 2004
• Economic Data Distortions - Thursday, January 22, 2004
• State of the Union Address - Wednesday, January 21, 2004
• Consumer Confidence - Friday, January 16, 2004
• Consumer Debt - Monday, January 12, 2004
• Job Stats - Monday, January 12, 2004
• Job Picture - Friday, January 09, 2004
• Interest Rates - Sunday, January 04, 2004
• Playing with the Numbers - Saturday, January 03, 2004
• Mad Cow - Thursday, January 01, 2004
• Year Review - Wednesday, December 31, 2003
• HALLIBURTON - Monday, December 29, 2003
• Nafta and the Economy - Saturday, December 27, 2003
• Ouestions? - Tuesday, December 23, 2003
• Deafening Silence - Sunday, December 21, 2003
• Multiemployer Pension Plans - Tuesday, December 16, 2003
• Natural Gas Prices - Saturday, December 13, 2003
• November Sales Increase - Thursday, December 11, 2003
• CBO Monthly Report - Monday, December 08, 2003
• The way is goes. - Friday, December 05, 2003
• Revised Numbers - Friday, December 05, 2003
• Jobs - Thursday, December 04, 2003
• New Information - Sunday, November 30, 2003
• Latest data - Saturday, November 29, 2003
• Making Sense of the Economic World - Monday, November 24, 2003
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