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U.S. economy shrinks, but it's not a big deal
money.cnn.com ^ | May 29, 2014 | Annalyn Kurtz

Posted on 05/29/2014 9:28:26 AM PDT by thepatriot1

Brace yourself. The U.S. economy looks like it went on a roller-coaster ride at the start of the year.

Revised numbers released Thursday show the economy shrank in the first quarter, marking the first downturn since early 2011. Gross domestic product, the broadest measure of economic growth, fell at a 1% annual pace, according to the Bureau of Economic Analysis

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; Extended News; News/Current Events
KEYWORDS: economy
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To: GeronL

Thanks for the heads-up. And yeah, “funemployment:” apt word for sure. Everyone can go into government and services to plot more regulations. Uncle Xi will continue to send us gifts for nothing more in return than useless bonds.


21 posted on 05/29/2014 12:13:39 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: ealgeone
What do we call two negative quarters in row?

A negative .50 cents.. :)

22 posted on 05/29/2014 12:25:43 PM PDT by carlo3b (Corrupt politicians make the other ten percent look bad.. Henry Kissinger)
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To: thepatriot1

Just saw this linked on El Rushbo’s daily e-mail. I had to make sure it was real. Unbelievable, except not really since it’s CNN.


23 posted on 05/29/2014 12:57:29 PM PDT by mykroar (We fight, get beat, rise, and fight again. - Nathanael Greene)
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To: thepatriot1

This could make Obama look bad, so the....

The Economy is OBVIOUSLy RACCISS!!


24 posted on 05/29/2014 1:50:53 PM PDT by tcrlaf (Q)
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To: thepatriot1
"U.S. economy shrinks, but it's not a big deal"(Because a Democrat is President and it's Bush's Fault and you're a racist...)
25 posted on 05/29/2014 1:53:49 PM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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