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I think this is a result of weak Eurozone recovery. Europe needs to get it together.
Quote:
WASHINGTON—The U.S. economy slowed to a crawl at the start of the year as businesses slashed investment, exports tumbled and consumers showed signs of caution, marking a return to the uneven growth that has been a hallmark of the nearly six-year economic expansion.
Gross domestic product, the broadest measure of goods and services produced across the economy, expanded at a 0.2% seasonally adjusted annual rate in the first quarter, the Commerce Department said Wednesday. The economy advanced at a 2.2% pace in the fourth quarter and 5% in the third.
The dog biting the hand that feeds it. The government prints and prints and prints money (which they then add to GDP) and crow about how great the economy is doing. They then have to quit printing and we get a truer picture.
The economy didn't really slow to a crawl, the government just isn't inflating the figures.
The dog biting the hand that feeds it. The government prints and prints and prints money (which they then add to GDP) and crow about how great the economy is doing. They then have to quit printing and we get a truer picture.
The economy didn't really slow to a crawl, the government just isn't inflating the figures.
The slow down is a result of lackluster inflation.
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