Consumption is an always effect of what actually matters: production. It’s a reminder that while “supply siders” are increasingly ridiculous, “supply-side economics” is a statement of the obvious: the ...

The Fed's GDPNow metric has come out, and it doesn't look very good. The figure is now projecting a negative change in real GDP for Q1 2025. Latest estimates put real GDP change at -2.8% YoY for Q1.

We've had a lot of fun over the last month and a half diving into GDP revisions, where we were the first ones ever to try to use brand new series of data from the Bureau of Economic Analysis on the ...