Miles driven had been rising. Fuel efficiency is part of this decline but probably more to it: From yesterday’s durable goods report. GDP is about shipments: As per the chart, this series is not doing well: A surge in soybean exports likely helped to shrink the trade deficit in the third quarter. As a result, economists expect that trade contributed a full percentage point to GDP growth in the third quarter after adding a mere 0.18 percentage point in the April-June quarter. There are concerns that the soybean-driven export growth spurt could reverse in the fourth quarter.
Topics:
WARREN MOSLER considers the following as important: Uncategorized
This could be interesting, too:
Peter Radford writes Lost opportunities?
Bill Haskell writes Very Ill Again
Dean Baker writes The problem with electric vehicles
Angry Bear writes Overall and core Consumer Price Index (CPI) both increased by 0.4 percent in March
Miles driven had been rising. Fuel efficiency is part of this decline but probably more to it:
From yesterday’s durable goods report. GDP is about shipments:
As per the chart, this series is not doing well:
A surge in soybean exports likely helped to shrink the trade deficit in the third quarter. As a result, economists expect that trade contributed a full percentage point to GDP growth in the third quarter after adding a mere 0.18 percentage point in the April-June quarter. There are concerns that the soybean-driven export growth spurt could reverse in the fourth quarter.