GDP was only 0.5% in first quarter of 2016

[jamesbond]

The U.S. economy grew at its weakest quarterly pace in two years between the months of January and March, government data showed Thursday morning, as consumers and businesses alike showed new caution with their spending.

The nation’s gross domestic product expanded just 0.5 percent on an annualized pace. Businesses cut back on investments with a severity not seen since the financial crisis.

The relatively tepid growth indicates that the economy is still being held back by apprehension and caution — even as global chaos diminishes, employers continue hiring and the stock market recovers from early-year turmoil. Most analysts say that the United States faces little risk of recession, but the economy is stuck in second gear, providing a picture of contradictions for investors and policymakers.

Among those contradictions: Wages are beginning to rise, and cheaper gasoline is providing an extra influx of cash, but most Americans have cut back on consumption since the middle of last year.

“The business investment is down, and again, it’s this uncertain environment,” said Dan North, a chief economist at Euler Hermes, a credit insurance company. He said the same uncertainty is holding back consumers: “They are thinking: Why am I going to buy a washing machine in this sort of crummy economy?”

After its meeting on Wednesday, the Federal Reserve provided a mixed review of the economy, saying in its statement that economic activity had slowed despite labor market improvement. Inflation has held below the Fed’s 2 percent target for more than three years.

Though the Fed had entered the year with the plan to raise interest rates several times, it has so far held off on any moves — a seeming response to overseas volatility, particularly in China, and to the conflicting signals about U.S. economic strength. Analysts say the Fed could still elect to raise interest rates at its next meeting in June.

Mainstream forecasts suggest the U.S. economy will speed up as the year goes along — a trend that also held in 2014 and 2015. The International Monetary Fund, in mid-April, projected that the U.S. economy would expand by 2.4 percent this year, slightly better than the pace of other advanced economies. But that projection has been nudged down twice over the last seven months, and some economists said Thursday that the second quarter could also be dreary.

https://www.washingtonpost.com/news/won ... t-quarter/

[jamesbond]

Here is Peter Schiff explaining what is going on with the economy.

[youtube]http://www.youtube.com/watch?v=hW7eaN6V7x8[/youtube]

[jamesbond]

This "recovery" has been worse than the recession for most people.

[youtube]http://www.youtube.com/watch?v=8k2Yy2lzXls[/youtube]

[Ghost]

.

[w.p.o.]

I would say it is a depression, even though many won't call it that. The last time a third of the country was out of work was during the depression. So what does that make this? Almost no one is hiring full time. It's either part time or they're not hiring at all. Pitiful how the msm tries to protect this Benedict Arnold-in-chief. The worse in history and they try to make him out to be the best thing since the emancipation proclamation. On his apology tour, he apologizes to the japanese for the atomics rather than taking his sorry historically challenged a$$ to hawaii (his "hometown") to pay homage to pearl harbor. Korea, Vietnam and now Japan. Countries the US had to go to war with. Who's next? Germany? Although it's an apology tour, he's probably trying to reopen healed wounds. I wouldn't put it past the divider-in-chief.

[starchild5]

As God Arrives on Earth...Fake countries will die off....

Philippines GDP was 6.9% fastest growing in the world even before Duterte takes office

Philippines is the chosen land by God not America anymore

[jamesbond]

For me it's funny how mainstream sources talk about whether or not the U.S. will enter another recession. I guess the fuckheads don't know that for the little guys, the 2008 recession (more like depression) never ended.

Economic experts like Peter Schiff have been saying for years that the recession (actually depression) never ended in June of 2009 like the people in the White House have said.

This is the slowest "recovery" after a recession or depression in America's history and that is a fact.

[w.p.o.]

For me it's funny how mainstream sources talk about whether or not the U.S. will enter another recession. I guess the fuckheads don't know that for the little guys, the 2008 recession (more like depression) never ended.

Economic experts like Peter Schiff have been saying for years that the recession (actually depression) never ended in June of 2009 like the people in the White House have said.

This is the slowest "recovery" after a recession or depression in America's history and that is a fact.

Dare I say worse than FDR's "new deal." His progressive/leftist/socialist policies EXTENDED the depression for several more years instead of ending it within a matter of several months. I can't IMAGINE the amount of celebrations around this nation (and other nations) when this pos finally leaves office. I predict most people will take an entire week off - starting January 20 - as an unofficial holiday. It'll be the biggest barbeque in history. Not only did obummer cause gun sales to soar, but he'll cause the sales of barbeque sause, ground beef, chicken, hotdogs, rolls, ketchup, mustard, relish, paper plates, plastic untensils, plasitc/styrofoam cups, ice, soda, lemons (homemade lemonade), fruit juices, produce, charcoal (which he hates), propane, etc to skyrocket. I also predict the same thing in November when Trump wins. The same thing when the clintons, obamas and the administration is finally brought to justice. Not to mention the abolition of the FBI. Now is a good time to buy stock in dixie cup.

"Unintended consequences from intended actions will be to the benefit of society at large." - Adam Smith

[w.p.o.]

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