The Overshoot

Share this post
Takeaways from the GDP Revisions
theovershoot.co

Takeaways from the GDP Revisions

Housing is less important than previously believed (except for boats and RVs), while corporations are more profitable thanks to higher domestic investment and a narrower trade balance.

Matthew C. Klein
Jul 30, 2021
3
Share this post
Takeaways from the GDP Revisions
theovershoot.co

Perhaps the rent isn’t too damn high. At least, that’s one interpretation of the latest revisions of U.S. incomes, spending, and production from the Bureau of Economic Analysis, published on Thursday alongside the 2021 Q2 GDP report.

Every summer, the BEA releases revisions to its past estimates as it gets access to the latest detailed data from the Cens…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2022 Matthew C. Klein
Privacy ∙ Terms ∙ Collection notice
Publish on Substack Get the app
Substack is the home for great writing