Q1 GDP Growth at 1.4%, Consumer Spending Drops, Inflation Rises  No one paid much attention to today's final Q1 GDP figure, which is understandable since it reflects a period that ended over three months ago. Nonetheless, there were two key points worth noting: the GDP grew at an annualized rate of 1.4%, slightly above last quarter's downward ...

CBO Projects Rising US Deficits and Global Fiscal Tightening Challenges  Eric Peters, CIO of One River Asset Management, discussed insights from the latest report by the non-partisan Congressional Budget Office (CBO): "The CBO estimates the 2024 deficit will be 7% of GDP, with the 2034 deficit projected at 6.9% of GDP. This implies a 7% annual...

US GDP Plunges in Q1, Raises Stagflation Fears  If the Biden administration wanted the Federal Reserve to consider lowering interest rates and implementing monetary easing before the election, they would need to see signs of significant economic decline in the US right about now.  That's why it's not surprising that the Biden Bureau of Ec...

US GDP Revision Shows Growth Amidst Rising Debt, Economic Concerns Persist  Moments ago, two significant events unfolded: the Bureau of Economic Analysis, under the Biden administration, released the first revision of the Gross Domestic Product (GDP) for the fourth quarter of 2023. However, this figure holds little relevance now, as it reflect...