Posted on 07/29/2016 10:18:38 AM PDT by MulberryDraw
The U.S. economy expanded at a 1.2% annual rate in the second quarter, barely improving from Q1's downwardly revised 0.8% advance, the Commerce Department said Friday. Wall Street had expected a 2.6% pace.
(Excerpt) Read more at investors.com ...
And you know this 1.2% number will get revised down under 1% in a couple of months.
I think it is a safe bet that Q2's "growth" estimate will also be revised downward.
Perfect!
And how much of this “growth” is nothing more than price increases in healthcare spending rather than true, organic growth and productivity?
It’s like the government removing food and energy from the CPI.
Boy, I’m glad no one consumes food or energy on a daily basis...
And the narcissist in chief fool likes to paint himself as the Left’s Reagan. FUBO, you aren’t fit to wipe Ronnie’s behind.
The Obama/Hillary Great Recession - vote for Hillary if you’d prefer a depression.
Two quarters of below 2% growth is a recession. Maybe Trump should talk about that.
No, it’s more like the people who think the government has removed food and energy from the CPI. Where do they come up with such nonsense?
Other than the “Great Depression” decade this has to be the worst performing 8 years in history.
Actually, wouldn’t that have to be two consecutive quarters of negative GDP? Two percent, as anemic as that is, is still growth.
That is called a depression.
Yap, if you subtract all the money Hillary is spending for her campaign, it will be 0.8% repeat from Q1.
The guest economist, John, answered: That is a great question. I am shocked. I saw the this latest report on GDP, the YOY growth rate for GDP for the 2nd quarter is 1.2% while jobs grew by 1.8%. That makes no sense. That is like negative productivity.
That is because all of the numbers from the government are fudged. I don’t beleive any number from government.
Remember you have to subtract 3.5 percent from the GDP to get the real GDP because they have inflated the way the GDP is calculated.
The economy is shrinking. Or....at least it was until a certain election took place last month.
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