Rick Davis | TalkMarkets | Page 6
President at Consumer Metrics Institute
Contributor's Links: Consumer Metrics Institute
Rick Davis is President of Consumers Metrics Institute (CMI). CMI revolutionizes ways in which economic data is collected and published, by moving the methodologies and technologies involved into the twenty-first century. First, CMI moved as far 'up-stream' economically as possibly - to ...more

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July 30, 2014 - BEA Reports 2nd Quarter 2014 GDP Growing At 3.94% Annual Rate
In their first estimate of the US GDP for the second quarter of 2014, the Bureau of Economic Analysis (BEA) reported that the economy was growing at a +3.94% annualized rate.
BEA Reports 1st Quarter 2014 GDP Plunging At A Nearly -3% Annual Rate
In their third estimate of the US GDP for the first quarter of 2014, the Bureau of Economic Analysis (BEA) reported that the economy was contracting at a -2.94% annualized rate.
BEA Revises 1st Quarter 2014 GDP Sharply Downward To Outright Contraction At Nearly A 1% Annual Rate
In their second estimate of the US GDP for the first quarter of 2014, the Bureau of Economic Analysis (BEA) reported that the economy was contracting at a -0.99% annualized rate.
GDP Growth Collapses
In their first estimate of the US GDP for the first quarter of 2014, the BEA reported that the economy was growing at an 0.11% annualized rate. When compared to prior quarters, this is down considerably- indicating that the deceleration in the growth rate first noticed last quarter has intensified.
BEA Revises 4th Quarter 2013 GDP Growth Up Slightly To A 2.64% Annual Rate
In their third estimate of the US GDP for the fourth quarter of 2013, the Bureau of Economic Analysis (BEA) reported that the economy was growing at a 2.64% annualized rate, up .27% from the 2.37% growth rate previously reported -- but still down sharply (-1.53%) from the 4.19% reported for the 3rd quarter.
BEA Revises 4th Quarter 2013 GDP Growth Down To 2.37% Annual Rate
In their second estimate of the US GDP for the fourth quarter of 2013, the Bureau of Economic Analysis (BEA) reported that the economy was growing at a 2.37% annualized rate, down -.85% from the 3.22% growth rate previously reported and down sharply (-1.75%) from the 4.19% reported for the 3rd quarter.
BEA Estimates 4th Quarter 2013 GDP Growth At 3.22% Annual Rate, Down Modestly From 3rd Quarter
In their first estimate of the US GDP for the fourth quarter of 2013, the Bureau of Economic Analysis (BEA) reported that the economy was growing at a 3.22% annualized rate, down .9% from the 4.12% growth rate during the third quarter.
BEA Revises 3rd Quarter 2013 GDP Growth Upward Again
In their third and final estimate of the US GDP for the third quarter of 2013, the Bureau of Economic Analysis (BEA) reported that the economy was growing at a 4.12% annualized rate, up another 0.52% from the 3.60% growth rate previously reported for the third quarter.
Consumer Metrics Institutes' Review
The Federal Reserve clearly understands that the headline 4.12% is neither real nor sustainable:
Daily Absolute Demand Index
"Bringing the measurements of critical economic activities into the twenty-first century by mining tracking data for an understanding of what American consumers were doing yesterday."
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