It’s a whole lot worse if you can do simple 3rd grade MATH!!
Budget 3.9 TRILLION
Deficit 544 BILLION
That amounts to about 12%, so if the GDP is .7% then we LOST 11.3% in the total economy.
That my friends is a DEPRESSION!!!
Bienvenue a France!
The Obama great recession continues. Wait until we see the first quarter with the oil patch slump.
“An indication of tepid global growth”
It’s those other guy’s fault.
The sun was in their eyes! The refs were against them! They were sick!
Time to rejigger the figures for the next quarter. In the past, we have been told it is a structural reporting problem that occurs in the 4th quarter.
Wait until that .7% gets revised later.
And the Dow rallied on this news, up 241 pts.
What a surprise.
the slowest quarter is the quarter containing the holidays??
that doesn’t bode well for the Q1 2016
Even though this is bad news, it means the Fed will hold off on ending its quantitative easing policies, which sent the stock market soaring upwards.
NEW GOVENMENT LIES....... I MEAN “DATA”
d e p r e s s i o n.........
the “economy “ grew at a 3% rate during the FDR inspired depression.....
we have 33% UNEPMLOYED
and ZERO GROWTH.... in the real world