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Two Indicators U.S. GDP Is Already Declining in 2014


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#1 abbyjoseph

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Posted 19 February 2014 - 08:22 AM

http://www.profitcon...declining-2014/

In 2013, the U.S. economy, as measured by gross domestic product (GDP), rose at an average rate of 1.9% compared to 2.8% in 2012. And as it stands, GDP may slow further in 2014.

What makes me think this?

In January, U.S. industrial production declined by 0.3% from the previous month. This was the first decline in production since August of 2013. Production of automotive products in the U.S. economy declined by 5.15%, and appliances, furniture, and carpeting production declined by 0.6% in the month. (Source: Federal Reserve, February 14, 2014.)

And factories in the U.S. economy just aren’t as busy as they used to be. The capacity utilization rate, a measure of companies using their potential production, was 78.5% in January. The average rate between 1979 and 2013 has been 80.1%. While a difference of two percent in factory utilization isn’t a big number, because overhead is often fixed in factories, a two-percent decline in production is a big deal.

#2 AChartist

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Posted 19 February 2014 - 09:49 AM

They are stealing $1T in new taxation out of generational wealth and labor, I put together the list of taxes and new taxes, quite ill-uminating. This is then another $1T stolen from future labor to replace it, same as the math for market losses. Deficit still running $1/2T but likely to approach $1T on multiplier effects of fraud. A substantial amount of new gdp was new non economic items added that were never counted before, and double counting. Everything that perpetually increases is removed from inflation calculation. Perpetual is now called volatile. why would anyone still be talking about these caroon numbers anymore ?

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some of them, and they don't work"  M.Jordan