GDP Components Explained to Spot Recessions | Deep Dive into Explaining GDP

Derek Moore gives an in-depth explanation of each of the components that make up GDP. No, 2 consecutive negative quarters of GDP do not mean a recession! How to use GDP nowcasts to spot trends in GDP and spot recession risks. How the NBER declares recessions and what they look at. How is GDP calculated? What are components of GDP? What are the most important components driving GDP? Business investment vs consumer spending Government spending is not the most important aspect Explaining Change in Private Payrolls Consumer Spending PCE Residential Investment Non-Residential Fixed Investment Change in Private Inventories Government spending What is the NBER National Bureau of Economic Research How NBER declares recessions Why NBER declares recessions and recoveries after the fact Historical list of recessions Mentioned in this Episode: Contact Derek Moore [email protected] ZEGA Financial www.zegafinancial.com Derek Moore's Book Broken Pie Chart https://www.amazon.com/Broken-Pie-Chart-Investment-Portfolio/dp/1787435547?ref_=nav_signin& Atlanta Fed GDP Nowcast https://www.atlantafed.org/cqer/research/gdpnow?panel=3 BEA contributions to percent change in real gross domestic product https://apps.bea.gov/iTable/iTable.cfm?reqid=19&step=2&isuri=1&1921=survey#reqid=19&step=2&isuri=1&1921=survey Podcast most telegraphed recession ever? https://podcasts.apple.com/us/podcast/most-telegraphed-recession-ever-the-4-rs-recession/id1432836154?i=1000563145394 Real GDP precent change historical https://fred.stlouisfed.org/series/A191RL1Q225SBEA NBER historical recessions https://www.nber.org/research/data/us-business-cycle-expansions-and-contractions How NBER declares a recession based on 4 or 2 categories https://www.nber.org/research/business-cycle-dating