Gross domestic product expanded at an only 0.2 percent annual rate, the Commerce Department said on Wednesday. That was a big step down from the fourth quarter’s 2.2 percent pace and marked the weakest reading in a year.
More analysis from Maxed Out Mama.
FDR all over again!
And they won’t be able to print/quantitatively ease/pump/artificially ‘stimulate’ the economy out of this next collapse.
Hope for the best. Prepare for the worst.
Hope. Change.
lower energy prices should be helping with a rebound not the reverse.
The point is there IS no recovery – under the UN plan for “sustainability” (which the whitehouse has bought into 100%) even single digit expansions of the economy are unsustainable – it must shrink – it’s for mother earth kids – trust us us , international Marxism (AKA UN) knows what’s good fer ya.
Recovery.?? What Recovery.?
50 Million US citizens and no citizens on food stamps.
A real unemployment rate or underemployment rate of at least 18-20%.
The only thing up is the stock market and that is ONLY due to massive Dollar Printing by the Fed.
Seems to me that the $hit will really hit the fan is when the IMF decides to add the Yuan as a Reserve Currency.
Watch what happens then….going to be verrrry interesting. And it is not a matter of if – more like when.. and I figure this October.
Stk