No. 817: GDP Revision, Consumer Confidence, Evolving Global Circumstances
Brexit Impact Should Stabilize, with Implications for a
Long-Overdue Reorganization and Overhaul of the EU and Euro
U.S. Long-Term Solvency and Dollar Issues Remain Greatest Threat
To Global-Economic and Financial-Market Stability
In Final Reporting Before the July 29th GDP Benchmarking,
U.S. Economy Was Stagnant in First-Quarter 2016,
Reflecting No Statistically-Significant Change
Real GDP Revision from 0.84% to 1.07% Reflected Weaker Inflation;
Real Growth Was Upped by 0.23% as Inflation Revised Lower by 0.22% (-0.22%)
Broader Gross National Product (GNP) Growth Revised to a 0.21% Gain,
Having Declined Initially by 0.21% (-0.21%)
At the Expenditure-Category Level, GDP Revisions
Could Be Described as Bizarre and Inconsistent
Shifting Political Perceptions May Have Boosted Consumer Confidence