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How My GO Statistic Predicted a Rebound

“GO is a leading indicator of GDP by six to 12 weeks.” — David Ranson, chief economist, HCWE & Co.

I appeared today on CNBC with Rick Santelli to talk about the economy and the stock market. Watch it here.

One of the reasons I’ve been bullish on the stock market and the economy is because my gross output (GO) statistic, the top line of national income accounting that measures spending at all stages of production, has been picking up speed. In the two most recent quarters reported by the federal government’s Bureau of Economic Analysis (BEA), GO has been growing much faster than gross domestic product (GDP). That’s a good sign of a robust economy.

I wrote about this in my latest press release on GO, entitled “Rapid Growth in First Quarter Shows Economy is Not Slowing Down.” Read it here: http://mskousen.com/2017/07/rapid-growth-in-1st-quarter-go-economy-is-not-slowing-down/.

GDP, on the other hand, was weak, growing at only 1.4% in the first quarter in real terms. GO was growing almost twice as fast (2.5%), and my B2B (business-to-business) Index even faster (3.1%). GDP, as you may recall, measures only the final stage of production — finished goods and services only.  It leaves out all the B2B transactions in the supply chain, which is bigger than GDP itself.

Click here to read the rest of the article, “How My GO Statistic Predicted a Rebound.

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Investment expert Dr. Skousen shares his GO statistic and how it predicted the market's recent uptrend.

archive

How My GO Statistic Predicted a Rebound

Investment expert Dr. Skousen shares his GO statistic and how it predicted the market’s recent uptrend.

??GO is a leading indicator of GDP by six to 12 weeks.? — David Ranson, chief economist, HCWE & Co.

I appeared today on CNBC with Rick Santelli to talk about the economy and the stock market. Watch it here.

One of the reasons I??ve been bullish on the stock market and the economy is because my gross output (GO) statistic, the top line of national income accounting that measures spending at all stages of production, has been picking up speed. In the two most recent quarters reported by the federal government??s Bureau of Economic Analysis (BEA), GO has been growing much faster than gross domestic product (GDP). That??s a good sign of a robust economy.

I wrote about this in my latest press release on GO, entitled ??Rapid Growth in First Quarter Shows Economy is Not Slowing Down.? Read it here: http://mskousen.com/2017/07/rapid-growth-in-1st-quarter-go-economy-is-not-slowing-down/.

GDP, on the other hand, was weak, growing at only 1.4% in the first quarter in real terms. GO was growing almost twice as fast (2.5%), and my B2B (business-to-business) Index even faster (3.1%). GDP, as you may recall, measures only the final stage of production — finished goods and services only.  It leaves out all the B2B transactions in the supply chain, which is bigger than GDP itself.

Click here to read the rest of the article, “How My GO Statistic Predicted a Rebound.

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Sign up to the Human Events newsletter

Written By

Mark Skousen is a college professor, prolific author and world-renowned speaker. He??s made his unique sense of market and investment trends known and respected in the financial world. With a Ph.D. in economics and a focus on the principles of free-market capitalism and ??Austrian? economics, Mark Skousen has often gone contrary to the crowd in his investment choices and economic predictions ?? and has often been proved right.

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