Posted on 05/06/2014 4:15:47 PM PDT by GilGil
Also, keep in mind that as we explained before, Q1 GDP was boosted around 1% by the forced spending "benefit" of Obamacare: a GDP contribution that will no longer be there. Which means that either normalized Q1 GDP is approaching -2%, or Q2 GDP is about to be whacked by the same amount. Pick your poison. One thing is certain - anyone hoping that 2014 is the year in which the US economy finally achieved "escape velocity" will have to drink the humiliation under the table as they repeat the mantra of apologists everywhere: "snow.... snow.... snow...."
(Excerpt) Read more at zerohedge.com ...
Looked up Zerohedge but did not find. Oh! Well.
The lookup works on words in the article headline. See this search for an example:
www.freerepublic.com/focus/search?s=goldman+jpmorgan&ok=Search&q=quick&m=all&o=time
No matter how many times it’s posted, search just plain doesn’t always work.
Sorry you have trouble with it. It’s never been a problem for me.
Fixed using third grade math, should be -5.8%
Why do Most Financial,Economic ..Publications,sites,,...
CONTINUE THE BIG LIE
from Karl Denningers Site
http://www.market-ticker.org/akcs-www?post=228987
QE, on a rolling 12 month basis, is about $1 trillion. The US Economy is about $17 trillion. Therefore you must subtract the amount of QE added back out, which is about 5.9% of the total economy!
In other words with the current GDP “growth” of effectively zero (0.1%) the economy is in fact in deep recession as the actual “growth rate” is currently -5.8%.
THE MARKETS ARE PROJECTED TO ROLL AROUND SUMMER20% DECLINE TO START AND 60-70% BY TIME O LEAVES OFFICE. MAKES SENSE WITH THESE GDP NUMBERS. THEN BENGHAZI WILL DRIP DRIP. ELECTIONS IN NOVEMBER SHOULD BE A WIPE OUT. IF WE GET THE SENATE, REPUBS WILL BE ABLE TO HOLD FUNDS FOR WHATEVER O WANTS TO DO. I SAY THIS HONESTLY WITH NO HYPERBOLE. I WOULD NOT BE SURPRISED IF OBAMA QUIT BEFORE THE END OF HIS TERM. HE IS ALREADY CRACKING AT THE EDGES.
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