Posted on 04/29/2015 8:11:57 AM PDT by Signalman
WASHINGTON—The U.S. economy slowed to a crawl at the start of the year as businesses slashed investment, exports tumbled and consumers showed signs of caution, marking a return to the uneven growth that has been a hallmark of the nearly six-year economic expansion.
Gross domestic product, the broadest measure of goods and services produced across the economy, expanded at a 0.2% seasonally adjusted annual rate in the first quarter, the Commerce Department said Wednesday. The economy advanced at a 2.2% pace in the fourth quarter and 5% in the third.
Economists surveyed by The Wall Street Journal had expected growth of 1% in the first three months of this year, though many were braced for a surprise to the downside.
(Excerpt) Read more at wsj.com ...
The good news:
The Fed will be in no hurry to raise interest rates. Stock market will remain propped up?
But, but, I thought the state run media told me about the great economic recovery under Dear Leader? I guess as long as people are still getting their entitlements, that is all that matters, eh?
The economists THINK it’s coming back next quarter...good luck with that!
Bet there were some very creative accountants keeping it in positive territory. Bush was 3.5% his entire presidency.
Pray America is waking
That’s what I was thinking. Wonder if this number is “calculated” like the supposed 5.5% unemployment rate.
Please be patient. The next round of economic data will be "seasonally adjusted". Then weather effects will be factored in. All this will adjust the data upward. Then all will be well again.
The real number is most likely negative, probably a couple of points negative,
but reporting that would be racist.
Article is false on its premise. The 5% third quarter growth was debunked as being Obola care costs pushed as economic growth.
Waiting for the Left to start selling us on how Zero Growth is great for the environment.
I was just about to say, it’s global warming, and we have to require everyone buy carbon credits! That will fix it!
NOTE: No creative accountants were involved in these reports.
These reports of the great recovery we are experiencing are propaganda contrived in the minds of the regime and its supporters.
The great recovery as positively affected H1Bs, illegals who are getting the new jobs and the CEOs who hire them.
Wall Street recovery is not the same as a recovering economy.
And when do we get the ‘revised’ numbers?
Every single time they release numbers, they have been downward revising their last numbers. A story the media seems to have missed
I would like to see a graph of stated vs. the actual (downward revised) figures.
Growth is stalled.
I just heard on the radio this morning that 1 out of 5 households (two or more people) have NO ONE in the household working.
The real unemployment rate.
When this deflationary period ends around 2022-25, economists will finally admit that it was a depression.
The PTB have done their best to hide it and ameliorate it, and have actually done fairly well so far. Soon the weakest dominoes will fall and contagion will be the watchword of the day.
Remember the talk from 15 years ago about the US economy being like a supertanker with a lot of momentum in its current direction?
That applies now as well. 7-9 years to go, how bad will it get? No one knows.
Go to
www.Forexfactory.com
from the home page
Look down the page at say 10:00am USD “Pending Home Sales”
Click the “Graph icon” in the far right hand column
From here you can see the “Forecast, Actual and Revision” (you may have to place a checkmark in the revision box)
You can filter the page to show just US data.
Have fun.
The supertanker is dead in the water...
As long as you include in those entitlements unlimited cheap dollars for the NWO and its lackeys. That is all that matters.
Recovery Summer V
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