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Economy In Freefall?

Mike

Well-known member
Yep. More bad news for OT & the other minions.

Nope. This is not the "Summer Of Recovery" either.

Is it time for that "Stimulus to kick in yet? :lol: :lol: :lol: :lol:
The U.S. economy shrank at 2.9 percent annual rate in in the first quarter, a far more alarming downward pace than announced in two previous government estimates, according to the Commerce Department.

The figure is nearly three times lower than the preliminary estimate of 1 percent released last month, and marks the worst performance for a three-month period since 2009. A still earlier initial estimate, in April, predicted growth of .1 percent for the quarter. The sluggish economy's woes have been widely attributed to an unusually cold winter, but the latest figure - the biggest difference between second and third estimates since 1976 - could show the problems are bigger than that.

The Commerce Department said its final revision reflected a weaker-than-expected pace of healthcare spending, which caused a downgrading of the consumer spending estimate. Trade was also a bigger drag on the economy than previously thought, Reuters reported.

And don't EVEN try to hand anyone BullChit on the DOW. The FED is still printing the Fiat Currency into that and pumping it every day!!!!

The Dow is going to fall faster than a prom dress in a cheap motel one day & it'll be ugly, thanks to this bunch.
 

Traveler

Well-known member
There's loads of chit globally that's in a freefall or ruin because of our dimwitted aspiring tyrant and the f''tards that voted for him. Buckwheat seems to be sort of a cross between some ignorant stone age Muslim and a drug damaged peace activist.
 

Brad S

Well-known member
Unfortunately all they have left is to come for 401k and private ownership of land. Have your taxes been going up way more than the cost of education? Hear about that "my Ira" grab.
 

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