Posted on 05/17/2015 6:07:46 PM PDT by Red in Blue PA
Coming on the heels of weak retail sales and producer inflation data, the reports stoked concerns that the U.S. economy is hardly gaining momentum after disappointing 0.2 percent annualized growth in January-March.
"U.S. GDP will likely be revised down in the next update to show a contraction. We estimate the U.S. economy shrank 0.9 percent," said Shuji Shirota, head of macro economics strategy group at HSBC in Tokyo.
(Excerpt) Read more at finance.yahoo.com ...
The numbers will not permit a Fed action.
A quarter of negative growth in the GDP is half way into the official recession definition?
Despite all the happy talk put out the last few years by the Obummer Ministry of Propaganda, everyone outside of D.C. knows the economy sucks.
After all these years of covering up for Obama, the truth is finally coming out.
The Obama Depression is upon us.
Lead will rise.
If you don't have some, get some.
But..we recovered, and unemployment is at record lows, they’ve said so! / sarc
I wonder how bad the real numbers actually are.
Oh yeah, Obunghole’s economy is doin’ JES’ FINE.
A bit of context is needed to this article. The poster picked a part in the middle of the article and did not point out that the article is referring to the Asian stock markets.
This article is a reuters article with a Tokyo dateline.
Not only are we in a depression, China owns our ass. Blacks are being replaced by illegal aliens.
Our media ignores the complete collapse of the country economically and as a military power.
The millions of morons who voted for Obama TWICE are still out there ready to inflict us all with the next socialist moron to further destroy the nation.
There never was or ever will be a way to rule, regulate and tax a nation in to prosperity. What we see are the results when people in governmental positions do just that, either they are doing it on purpose what most likely is the case, or they are too ignorant to learn from history what should or could be done. It certainly doesn’t take much of a scientific mind to go back in time and see what has worked in the past and then apply to the present.
But as most politicians do have an incredible ego, thinking that they are infallible with whatever they say or do, that would be asking too much. So most of them live quite comfortably if not extremely well and the rest of us just keep struggling along and try to keep up with all the BS and more and more taxes they heap upon us, until one day the wheels come off and the whole works comes to a screeching halt. And rest assured that this will happen as it always has, as history will repeat itself over and over until people take the hint and make and effort to learn.
Perhaps then they may take note, scratch their head and in their ignorance keep wondering how on earth could this ever have happened.
Nice to see the SEC parodying itself:
Will regulators sideline fantasy stock-trading games?
You’d think it was an Onion article.
It would make a lot of sense for the SEC to get into that. Reasoning being that now we're leaving simple gambling and talking financial instruments that could have a material affect on a company's stock price.
Ah.
But no one in America who watches CNN, ABC, CBS, NBC and possibly FOX knows from the reporting that the economy sucks. The Fed prints, the Fed buys stocks, stocks go up and eventually the Fed sells the stock at initially higher prices and then lower prices to fund future government expenditures.
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