Skip to comments.Economy Shrinks 1% In First Quarter
Posted on 05/29/2014 9:23:13 AM PDT by Jim from C-Town
The Bureau of Economic Analysis released its revised assessment of the first quarter of 2014's Gross Domestic Product and revised it down to -1%. The initial assessment said the economy had at least grown, but only by .01%.
(Excerpt) Read more at breitbart.com ...
Happy Days are Here Again!
Watch them cook the books like never before,can’t have two down quarters in a row.Not until after the election anyway.....
Yes. Eventually you just look stupid when you keep trying to bluff with the cards already on the table.
Even the usual White House book-cooking can’t keep pace with the FAIL that is Baraq Obama.
Google already has a “why the drop is good for the U.S.” story from BusinessWeak up on their “news” page.
Up or down, anything is always better if the President is brown.
Got that right. By the end of January most places where I’d normally buy rock salt were out and said they could get no more. One local hardware store had an owner who would work the phones every day looking for supplies. When he managed to land a pallet he’d blow through it in two hours. Was able to name his price too.
The city of Pittsburgh took all the rock salt in the area by eminent domain. They needed it for the city streets and could not get any.
You could not buy calcium chloride anywhere in the US. Most of it comes from China now. DOW brings it up the big muddy to the OH river and off loads it in Pittsburgh. They distribute it from there all over the northeast.
The guy sitting next to me sold over 600 trucks of rock salt this year out of American Rock Salt in Mount Morris, NY. It is the biggest salt mine in the country.
The state of NH brings in boat loads of Sea Salt from Saudi Arabia. The have huge desalinization plants that turn sea water into fresh water. The by product being sea salt. They basically give it away. That is why they can ship it literally half way around the world and it is still cheaper than rock salt from NY, 300 miles away.
S&P closed at a record high and treasury yields plunged to 12 month lows.