Is it still Unexpected if you expect it to be unexpected?
Why? Because Barack Obama is still president.
This is happening all over the world. Check out this economist’s view of global housing deflation.
We are in a weak recovery, and will be until we get the Marxists in our government rooted out. Even if Republicans sweep the election it will take a while to root out all of the Rats that have burrowed into the system. I hope Romney (if he wins) takes a cue from the corporate takeover world and gives every politically appointed position a pink slip and starts over. A pledge of “no more czars” would help to.
Hey, a guy can dream, can’t he????
Now throw on top of that the “real” GDP is calculated by finding the nominal GDP and subtracting the CPI (inflation) increase. The problem is that the CPI is (intentionally?) understated so the real GDP growth is even smaller that calculated.
Does that mean that Goldman will make more or less money?
Not a chance, berry will have it FIXED by Friday.