2013: Slowed Growth
GOOD NEWS AND BAD NEWS ON AMERICA’S ECONOMY The U.S. economy expanded at a 3.2 percent clip inYou must Subscribe or log in to read the rest of this content.
GOOD NEWS AND BAD NEWS ON AMERICA’S ECONOMY The U.S. economy expanded at a 3.2 percent clip inYou must Subscribe or log in to read the rest of this content.
9 comments
GDP as measured by the US is a flawed and wholly inaccurate measurement anyway.
Anytime you can create billions of dollars out of thin air and then get to INCLUDE it in GDP you know it’s a bullshit figure.
Just like the BLS unemployment rate, pure politicized bullshit.
EndTheFed
http://www.zerohedge.com/news/2014-01-29/wednesday-humor-fk-fed
If you trust any number this corrupt administration and its media drops…you are not a very smart person…
FTA: Anyway, can the second-half 2013 growth be sustained?
Well, the numbers can be cooked to look that way, sure.
It’s amazing the numbers are this good, considering the forced austerity created by the Republicans’ fiscal policies and debt hysteria during a time of recession.
Failure to utilize the lessons learned (and then forgotten) from the Great Depression is why we currently have an output gap of $900 billion.
Forget all that. Here’s all you need to know about these sensitive Republican souls, so hurt by the President’s new found lack of interest in bipartisanship. Before Obama was even inaugurated, Senate Minority Leader Mitch McConnell — the one who was complaining about the boilerplate — gathered the entire Senate Republican Caucus and said, make a public show of wanting to work with the President, but block him at every turn in order to deny him any bipartisan victories, for which Obama will be blamed, because he’s the guy who ran on bipartisanship. “Ah-yup.” And as Senator Voinovich said, “If [Obama] was for it, we had to be against it.”
Hope & Change
I wonder in what industries the growth was in? If it was my guess it would be in the financial sector and little elsewhere.
Exactly correct. Inclusive of Oil trading.