U. S. Economic Activity Jumps Sharply in 2nd Quarter 2014

by Mark Skousen on November 14, 2014

For Immediate Release
Contact: Valerie Durham, vdurham@skousenpub.com

U. S. ECONOMIC ACTIVITY JUMPS SHARPLY IN 2ND QUARTER 2014

Washington, DC (Friday, November 14, 2014):  Gross Output, a broader measure of U. S. economic activity published by the Bureau of Economic Analysis, advanced to nearly $30.9 trillion in the second quarter of 2014, a 4.8% jump in real terms (annualized).  The GO data released by the BEA can be found at  http://www.bea.gov/iTable/iTable.cfm?ReqID=51&step=1#reqid=51&step=51&isuri=1&5114=q&5102=15

Gross Output (GO) is a measure of sales or receipts of all industries throughout the production process, including business to business transactions. 

GO advanced slightly faster than GDP.  Gross Domestic Product (GDP), which measures the value of final goods and services only, rose 4.6% in real terms to $17,328.2 billion in the second quarter. 

“The GO data demonstrates that the economy recovered sharply from the slowdown in the first quarter,” stated Mark Skousen, editor of Forecasts & Strategies, who champions Gross Output as a more comprehensive measure of economic activity.   He first introduced Gross Output as a macroeconomic tool in his work The Structure of Production (New York University Press, 1990).  Now the BEA publishes GO on a quarterly basis in its “GDP by Industry” data.  [click to continue…]

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Perfect Holiday Gift – Maxims of Wall Street

by Mark Skousen on October 30, 2014

Just in time for the Holidays

 

The perfect gift for family members, friends and colleagues interested in finance, investing, economics, Wall Street and the business of money.

Maxims of Wall Street: A Compilation of Financial Adages, Ancient Proverbs, and Worldly Wisdom is a classic reference to read with delight for years to come, and an ideal gift to investors, stockbrokers and money managers. More than 800 pithy and insightful adages, inspirational short stories, famous quotes, and sage advice from Wall Street gurus, money managers, financial advisers, writers, philosophers and many others.

I’m offering a 2-for-1 deal for the holidays

Buy the first copy for $20 and all additional copies for only $10, and I pay the U.S. postage. Also: If you order an entire box (32), you pay only $300 postpaid.  (For orders sent outside the United States, add $5 per book for S&H)

To order, call Eagle Publishing at 1-800/211-7661 or email CustomerService@MarkSkousen.com. Mention priority code MAXIMS to buy individual books and MARKR to buy a box of 32 books.

Note: I autograph all copies if you order through Eagle Publishing. Click here to read more about Maxims of Wall Street.

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Derek Jeter’s Big Finale…and I Was There!

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Missing Link in Economics Revealed!

September 15, 2014

by Mark Skousen Presidential Fellow, Chapman University For centuries economists have been searching for the missing link that would tie microeconomics (theory of the firm and individual behavior) with macroeconomics (theory of the economy as a whole). I believe my four-stage model of the economy does just that.  Based on Austrian macroeconomics (known as Hayek’s [...]

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U.S. Economy Doing Better Than Expected

August 1, 2014

U. S. ECONOMIC ACTIVITY HOLDS STEADY IN 1ST QUARTER 2014 Washington, DC –  Gross Output, a broader measure of  U. S. economic activity published by the Bureau of Economic Analysis, held steady at $30,210.6 billion in the first quarter of 2014. “The GO data demonstrates that the economy is not as bad off as GDP [...]

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FreedomFest 2014 Report

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Marx Madness is Back

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Economist Makes Lead Story in the Wall Street Journal….Barron’s….and Forbes

April 28, 2014

I made the lead story in the Wednesday, April 23, 2014, edition of the Wall Street Journal.  The title:  “At Last, a Better Economic Measure.”  You can read it here:  http://on.wsj.com/PsdoLM The editors of the WSJ don’t allow the author to see or approve the headline or subhead, but they nailed it perfect.  And I [...]

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Steve Forbes Endorses My Gross Output Statistic

April 23, 2014

“Mark Skousen’s Gross Output statistic…will have a profound and manifestly positive impact on economic policy and politics.”  — Steve Forbes, Forbes magazine, April 14, 2014 The Bureau of Economic Analysis will start releasing Gross Output (GO) along with GDP every quarter starting on Friday, April 25.  I consider it a triumph in supply side “Austrian” [...]

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