Article • Data Bytes
The steady growth in the economy is riding an AI bubble, fueled by investment in data centers and other related areas, while consumption growth is being supported by the stock market bubble.
Article • Dean Baker’s Beat the Press
Q3 GDP growth of 4.3% is led by a narrowing trade deficit, while income growth slows, inflation fluctuates, and healthcare spending increases.
Article • Dean Baker’s Beat the Press
With record stock valuations and tech giants trading like risky startups, the AI boom shows all the classic signs of a speculative bubble that could burst much like the dot-com crash.
Article • Dean Baker’s Beat the Press
Despite 3.8% GDP growth in Q2, the US economy remains sluggish overall, with growth sustained mainly by the AI boom and weak consumer spending.
Article • Dean Baker’s Beat the Press
Article • Dean Baker’s Beat the Press
The US economy is slowing sharply, with weak GDP and job growth compounded by tariffs, labor shortages, and the looming risk of a stock market crash.
Article • Dean Baker’s Beat the Press
Trump’s call for rate cuts while touting strong growth reflects a clear misunderstanding of the economy.
Article • Data Bytes
A boost in the second quarter brought the growth rate for the first half of the year to 1.2 percent, down from a 2.8 percent rate last year.
Article • Dean Baker’s Beat the Press
When people say the economy is doing ‘better than expected’ under Trump, are they looking at the actual data or just assuming that things should be worse than they are?
Article • Data Bytes
Any honest analysis of the country’s GDP must average the first two quarters of the year together, since the economy actually shrank in the first quarter.
