SKOUSEN: Steve Forbes on the GO and I Make the Forbes 400 Richest Issue!

Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Charles Schwab and I have several things in common — we were born in California, we each have five children and we both made the latest “Forbes 400 Richest People in America” issue (to be released next week). He’s on page 129 as the #63 richest person in America, and I’m mentioned by name on p. 22 for my gross output (GO) model. (I took a more academic road to success.)

In this issue, Steve Forbes endorses my GO model, saying GO is a “far more comprehensive, realistic and enlightening picture than GDP. It’s like the difference between an X-ray and a CAT scan.”

GO measures spending at all stages of production, including the all-important supply chain, and gross domestic product (GDP) measures final output only. Big difference!

GDP is $21 trillion in 2019, while GO is over $45 trillion.

GO not only demonstrates that business spending is far more important than consumer spending, but it’s also a leading indicator. GO has slowed considerably in 2019, suggesting we are heading toward a mild recession.

In his column, Forbes takes the federal officials at the Bureau of Economic Analysis (BEA) to task for not releasing GO on a timely basis. It comes out three months later than GDP! (The next release is Oct. 29 for second-quarter GO.)

Forbes stated, “President Trump should immediately order the BEA to get off its duff and issue GO at the same time it does GDP.”

Good news! I’m pleased to announce that Brian Moyer, the BEA director, informed me that they plan to release both GO and GDP at the same time by next year… not unlike publicly traded companies issuing “top line” (sales) and “bottom line” (profits) every quarter. Economics finally has caught up to accounting and finance in the 21st century!

Exclusive  Exploring the Soda Pain Point

Steve Forbes’ column on GO is now available to read by clicking here.

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

“I have always believed in giving investors choices, and with those choices the freedom and power to make their own decisions.” -- Charles Schwab, “Invested: Changing Forever the Way Americans Invest” My wife Jo Ann and I had the pleasure this week of sitting down with one of the great innovators on Wall Street -- Charles Schwab, the founder of the famous disco

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details

LEARN MORE HERE

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE