{"id":215852,"date":"2024-03-22T00:04:56","date_gmt":"2024-03-22T00:04:56","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/22\/are-you-better-off-than-you-were-4-years-ago\/"},"modified":"2025-06-25T17:20:10","modified_gmt":"2025-06-25T17:20:10","slug":"are-you-better-off-than-you-were-4-years-ago","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/22\/are-you-better-off-than-you-were-4-years-ago\/","title":{"rendered":"Are You Better Off Than You Were 4 Years Ago"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-51599\">\n\t\t\t\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>Per capita GDP relative to 1st quarter of new administration:<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/03\/gdp_trumpbiden_pix.png\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-51600\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/03\/gdp_trumpbiden_pix.png\" alt=\"\" width=\"1008\" height=\"604\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/03\/gdp_trumpbiden_pix.png 1008w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/03\/gdp_trumpbiden_pix-300x180.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/03\/gdp_trumpbiden_pix-768x460.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/03\/gdp_trumpbiden_pix-624x374.png 624w\" sizes=\"(max-width: 1008px) 100vw, 1008px\"\/><\/a><\/p>\n<p><em><strong>Figure 1:<\/strong> GDP relative to 2021Q1 (blue), and GDP four years ago relative to 2017Q1 (orange), in logs. 2024Q1 value is GDPNow implied level based on 3\/19 release and GDP estimate as of 3\/21. Source: BEA 2023Q4 2nd release, Atlanta Fed, and author\u2019s calculations.<\/em><\/p>\n<p>The cumulative growth is similar, although if nowcasts and forecasts hold up, they\u2019ll soon diverge.<\/p>\n<p>And in terms of growth rates, they\u2019re pretty closely matched.<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/03\/wei_trumpbiden_pix.png\"><img decoding=\"async\" class=\"alignnone size-full wp-image-51601\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/03\/wei_trumpbiden_pix.png\" alt=\"\" width=\"1008\" height=\"633\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/03\/wei_trumpbiden_pix.png 1008w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/03\/wei_trumpbiden_pix-300x188.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/03\/wei_trumpbiden_pix-768x482.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/03\/wei_trumpbiden_pix-624x392.png 624w\" sizes=\"(max-width: 1008px) 100vw, 1008px\"\/><\/a><\/p>\n<p><em><strong>Figure 2:<\/strong> Lewis-Mertens-Stock Weekly Economic Index (blue), and lagged 208 weeks (orange), both in %. Source: NY Fed via FRED.<\/em><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<footer class=\"entry-meta\">\n\t\t\tThis entry was posted on <a href=\"https:\/\/econbrowser.com\/archives\/2024\/03\/are-you-better-off-than-you-were-4-years-ago\" title=\"3:38 pm\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2024-03-21T15:38:59-07:00\">March 21, 2024<\/time><\/a><span class=\"by-author\"> by <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/econbrowser.com\/archives\/author\/menzie_chinn\" title=\"View all posts by Menzie Chinn\" rel=\"author\">Menzie Chinn<\/a><\/span><\/span>.\t\t\t\t\t\t\t\t<\/footer>\n<p><!-- .entry-meta -->\n\t<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/econbrowser.com\/archives\/2024\/03\/are-you-better-off-than-you-were-4-years-ago\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Per capita GDP relative to 1st quarter of new administration: Figure 1: GDP relative to 2021Q1 (blue), and GDP four years ago relative to<\/p>\n","protected":false},"author":1,"featured_media":215853,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[155],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/215852"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=215852"}],"version-history":[{"count":2,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/215852\/revisions"}],"predecessor-version":[{"id":335155,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/215852\/revisions\/335155"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/215853"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=215852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=215852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=215852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}