As mentioned here in our prior post, of the R Word…
A recession is defined by two consecutive negative quarter GDP prints…
This week we are half way there…
BEA Releases Negative Q 1 2022
In this BEA Release Here (Bureau of Economic Analysis) their ADVANCED estimate (it will be revised) came in at -1.4%
That gets us softly (thankfully) half way to the R Word! Hang tight, it likely will get rougher before calmer!
It’s a Friday and this is a bit heavy for the day, but wanted to get it out there for you to see….
Hey kept is short though…
Enjoy your Friday and your Weekend!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
GDP (Gross Domestic Product) Q3 2023 Advanced Release … Headline Versus Second Look of Release…. Defense Spending …
On Thursday, October 26, 2023, the BEA (Bureau of Economic Analysis) released the Advanced Estimate aka first try at the Q3 2023 GDP for the US Economy….
As a quick reminder, GDP is one of the broadest measures of US Economic growth …. heck two consecutive negative GDP prints is the basic definition of a recession….back to the print…
The most followed headline number was a 4.9% increase…. at first blush a very positive number and a bit of a head scratcher…. especially given Capital Market’s recent crankiness…..
Government defense spending was (thankfully under current Geo Politics) up huge due to defense spending. Defense spending is not the same as organic Economic growth… it just does not filter through the system the same…still VERY important under current circumstances….
Have a Great “Now you Know the rest of the GDP Report” Day!
John A. Kvale CFA, CFP
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Posted in Economy, General Financial Planning, Investing/Financial Planning, Market Comments
Tagged Advance GDP, BEA, GDP