Tag Archives: Inventory

My Inventory Theory

By Hui Zhong Most economists get wrong with the inventory adjustment in the BEA GDP quarterly reports.  The inventory adjustment is the derivative of the inventory growth rather than the inventory growth itself.  A positive inventory adjustment does not ensure … Continue reading

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A Deeper Look at BEA Q3 GDP Report

BEA reported the Q3 GDP growth of the U.S. that comes at 2.0%.  As I have posted before, the CMI consumer spending index indicates the expansion should be -1.5% + non-consumer items, after modified by the equations I introduced.  The non-consumer items, including … Continue reading

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