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Tag Archives: BEA

  • Blog
    Bloomberg

    Has The Fed Already Lost?

    Growth is dying & the Fed has few options left
    by Brian Pretti

    Friday, April 17, 2015, 7:36 PM

    12

    Increasingly we live in a world of Now. Instantaneous access to digital real time data and news has simply become a given in our lives of the moment.

    You may be surprised to know that the Federal Reserve has taken notice.

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  • Blog

    Believe the GDP report at your peril

    by Chris Martenson

    Saturday, August 1, 2009, 11:45 AM

    0

    There were a couple of questions concerning the last blog post about the GDP that I would like to address.

    Here’s the first one from willid3:

    I wonder if the explanation for PCE and why corporate profits are down is that the vast majority of all income in the US is earned by the top 1 percentile of incomes. and by far they are the least likely to have been layed off. and the reason corporate profits are down, is that most corporations get profits based on volume, and thats based more on the lower 95 percentile of incomes. Who are the ones who are having trouble keeping their jobs, and whose incomes have been cut the most

    First, it is important to note that I only made a claim about corporate revenues, not profits.  Corporate revenues are like your base salary, in full, while corporate profits are what’s left over after taxes and all legitimate expenses are deducted.

    In the parlance of accounting, revenues are called "top line" results and profits are called "bottom line."    Into the top line goes everything that resulted in a cash transaction for your company.  Who owns the profits and how they are distributed are immaterial to the argument I laid out in the prior blog article which was that Personal Consumption Expenditures measure all the things that people buy and, as far as I can tell, people usually buy stuff from companies.

    Which brings us to the second question.

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