Jun 5, 2022
Derek Moore gives an in-depth explanation of each of the components that make up GDP. No, 2 consecutive negative quarters of GDP do not mean a recession! How to use GDP nowcasts to spot trends in GDP and spot recession risks. How the NBER declares recessions and what they look at.
How is GDP calculated?
What are components of GDP?
What are the most important components driving GDP?
Business investment vs consumer spending
Government spending is not the most important aspect
Explaining Change in Private Payrolls
Consumer Spending PCE
Residential Investment
Non-Residential Fixed Investment
Change in Private Inventories
Government spending
What is the NBER National Bureau of Economic Research
How NBER declares recessions
Why NBER declares recessions and recoveries after the fact
Historical list of recessions
Mentioned in this Episode:
Contact Derek Moore derek.moore@zegafinancial.com
ZEGA Financial www.zegafinancial.com
Derek Moore’s Book Broken Pie Chart https://www.amazon.com/Broken-Pie-Chart-Investment-Portfolio/dp/1787435547?ref_=nav_signin&
Atlanta Fed GDP Nowcast https://www.atlantafed.org/cqer/research/gdpnow?panel=3
BEA contributions to percent change in real gross domestic product https://apps.bea.gov/iTable/iTable.cfm?reqid=19&step=2&isuri=1&1921=survey#reqid=19&step=2&isuri=1&1921=survey
Podcast most telegraphed recession ever? https://podcasts.apple.com/us/podcast/most-telegraphed-recession-ever-the-4-rs-recession/id1432836154?i=1000563145394
Real GDP precent change historical https://fred.stlouisfed.org/series/A191RL1Q225SBEA
NBER historical recessions https://www.nber.org/research/data/us-business-cycle-expansions-and-contractions
How NBER declares a recession based on 4 or 2 categories https://www.nber.org/research/business-cycle-dating