GDP Q1 2023: Increases in Exports, Consumer Spending but Degrease in Inventories and Lower GDP 1.1% (A Little Spice on Plain Mashed Spuds)

Source: BEA
Notice 2023 looks like 2019 
Its sort of a benchmark with a Covid market interruption
The question is, "Can a platform shift into a digital era
improve the benchmark"?

The advanced numbers came out and its a mixed bag. It indicates some economic slowing but that should be expected I guess. The question remains how much and how long?  Its a jumble because inventories have declined but spending increased so they will influence each other. Improvements in exports, structures and intellectual property are good signs. 

It should be kept in mind that the goal is to increase investments and build a better system so that less government spending is needed (Its the info and policy guidance approach to govt.).  Its a concept of hedging government spending with private industry to reduce costs as well as find ways to increase government revenue (Broadly as a system and not specific to any one company's abilities.). 

Vincent van Gogh’s The Potato Eaters 

(April-May 1885)

The Art Newspaper provides a description in

'Van Gogh's Potato Eaters: Mistake or Masterpiece?

Never Forget the Value of the Common Spud.

There have also been some increase in income, savings rates, disposable income and other things. One must wonder what happens to money when its in the bank? Likely it gets reinvested somewhere as banks only need so much money in actual holdings. Do we have ways of encouraging investing in our country so that money isn't just sent somewhere else?

Kind of interesting questions to ponder. You can read 'Gross Domestic Product, First Quarter 2023 (Advance Estimate)' to gain important insight. I just posted a few of the key concepts. 

-Real gross domestic product (GDP) increased at an annual rate of 1.1 percent in the first quarter of 2023 and fourth quarter, real GDP increased 2.6 percent.

-increase state and local spending.

-non defense government spending increased.

-increases in structures and intellectual property products

-decrease in private inventory investment wholesale trade and manufacturing

-Increase in consumer spending and exports.

The video of Sonia Meskin, head of U.S. macro at BNY Mellon Investment Management, provides some key insights.