07/28/18

India GDP

India GDP, Big Red? Huh?

Big Red Car here on a sunny Saturday in the ATX – On Earth As It Is In Texas!

Yeah, it’s going to be a warmish day, up to 100F. Yawn!

So, in the discussions about US GDP, the Big Red Car (huge fan of India) did some research on India. Did I tell you I am a huge fan of India as a country, as an ally, as a market? Love India.

India is a huge country with 1,354,000,000 people. The US has at least 1,000,000,000 fewer people.

US GDP is closing in on 20 Trillion dollars ($20,000,000,000,000) annually, while India has a GDP of $2,597,490,000,000.

Wow, look at that growth! In ten years they have grown by a factor of more than twenty!

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07/27/18

GDP Growth 4.1% – do not overreact

GDP, Big Red Car? Huh?

Big Red Car here on a lovely, warm Texas summer day – sun shining and headed to 101F. Ahhh, summer!

Something else which is hot is the economy. It is hot as evidenced by today’s GDP number which shows growth in excess of 4%. This is Q3 2018 (April, May, June 2018). US starts its fiscal year in October, but you knew that, right?

Couple this with low unemployment, high job growth, the beginning of real wage growth, increased capital spending, and some progress on the issue of trade and it is easy to see why the President was in the Rose Garden taking a victory lap.

When pressed to explain why growth has begun to accelerate, President Trump and his economic advisers pointed to reductions in regulations, the tax cuts, and the beginning of work on trade. They had a few other things, but those are the big ones.

The most important thing is that the White House is trying to create a fertile environment for growth. That is more important than many of the elements.

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02/1/16

The Lost American Decade

Big Red Car here and awaiting the results of tonight’s Iowa caucuses. Why do we care what a bunch of very white folk in Iowa care about anyway?

Foggy and 80F today. Ahhh, winter in Texas!

So, we’ve heard of the lost Japanese Decades, right?

Did you know we’ve got our own Lost American Decade? The Lost American Decade! Continue reading