WSJ: U.S. gross domestic product contracted at a 0.7% seasonally adjusted annual rate in the opening months of the year, a significant downward revision from an initial estimate of 0.2% growth.
Juxtapose!
Negative GDP. I'm old enough to remember when W's 3% growth was a *bad* report. #WorstEconomySinceHerbertHoover http://t.co/4MpIKJAm
— Razor (@hale_razor) May 29, 2015
The QE mantra has spread around the world. Debt mounts as demographics work against increased consumption and thusly GDP growth. Pro QE statements should be judged on the basis of who is providing the positive twist. At some point balanced books will
reassert itself. The question will be whether it takes a collapse that dwarfs 2008 or not.
Who are the creditor nations who will benefit? NA’s true friends, China, Russia and let us not forget those stalwart Saudis.
The only way to find out how truly bad the economy is? Vote in a Republican. The stories will come fast and furious (joke intended), and while still being mostly bulls**t, you can at least pick through them.
Not to worry, the same mess that got us in trouble in 2008 is being done again.
Home loans for folks who can’t afford them!
%$$#@!*&^^^
Nuts.
Recovery comes when their is leadership that can be trusted by those with money. Administrative control in the U.S. seems to be much stronger than the legislative control. Apparently the administration is free to operate without concern for legislation. Obama has pretty much frigged up everything he has touched. The U.S. needs someone in charge to step back, loosen the shackles on business, and let them go.
ISIS is running and the economy is booming.
Actually, shouldn’t ISIS be “booming” and the economy running.
Obama is malicious, malevolent and mendacious. Soros trusts his White House Boy who is having great success.
“Home loans for folks who can’t afford them!”
That’s what the US and eventually the world get’s when they elected Al Sharpton to the Whitehouse.
the root of that problem goes back a lot farther than Sharpton. Even G Bush was stupid enough to trust lefties with the levers of power as to financial things.
W tried to get fanny and freddy smacked down and wanted to get control of the idiocy but we know what America wanted.
Can you say Barney Frank and few other dem’s who flat out stopped Bush from fixing the mess.
Then they blamed him when it happened.