To: Kaslin
First off Larry the economy is not growing at 2% or even 1%. Its at about .07% as of last quarter. We are in the beginning stages of a global deflationary depression that is going to be really unpleasant.
7 posted on
02/27/2016 8:43:37 AM PST by
Georgia Girl 2
(The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
To: Georgia Girl 2
10 posted on
02/27/2016 8:51:05 AM PST by
Kaslin
(He needed the ignorant to reelect him. He got them and now we have to pay the consequences)
To: Georgia Girl 2
I think you meant .7%. They revised it upward, but it was revised upward because inventory grew. We are making more stuff, which increase GDP, but we aren't selling it. This means people are going to have to buy more, or companies are going to have to stop making it (i.e. layoffs).
11 posted on
02/27/2016 8:52:14 AM PST by
fhayek
To: Georgia Girl 2
“We are in the beginning stages of a global deflationary depression that is going to be really unpleasant.”
The NYC metro area, including NJ, has never recovered from 2007; we still bleed jobs and American taxpayers (and try to replace them with non-contributing Third Worlders, legal or otherwise). There was never a recovery here - just flight of capital.
38 posted on
02/27/2016 2:20:21 PM PST by
kearnyirish2
(Affirmative action is economic warfare against white males (and therefore white families).)
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