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Posts Tagged ‘Bureau of Economic Analysis’

U.S. Economy Was In Slowdown In Final Quarter of 2014

January 31st, 2015 Comments off

The U.S. Commerce Department’s Bureau of Economic Analysis  has released its initial figures for the final quarter of 2014; GDP grew by 2.6 percent, a disappointing showing after the Q3 results supposedly showed 5 percent GDP growth. Several observers were skeptical of the 5 percent number for Q3, which was the basis for the Obama administration proclaiming victory and the return of economic prosperity in the United States.  Even if the Q3 number was correct,  overall GDP growth in the U.S. economy, based on official figures, was 2.4 percent for all of 2014.

While the official GDP growth figures for 2014 indicate the fastest level of economic growth in the U.S. since the global economic and financial crisis arose in 2008, it is still a very weak number after six years of a supposed recovery, and after trillions of dollars of deficit spending and vast monetary easing by the Federal Reserve in a frantic effort to stimulate the American economy. And now, Europe and even China are facing a slowdown, and in the case of the Eurozone, probable recession, likely to be exacerbated by the looming conflict with Greece over the terms of that nation’s financial bailout.

The U.S. is not immune to what is happening elsewhere in an era of interconnected economics. The lackluster growth figures for Q4 is a clear sign of that.

 

If Hillary Clinton runs for President of the United States  in 2016, see the video about the book that warned back in 2008 what a second Clinton presidency would mean for the USA:

 

CLICK ON IMAGE TO VIEW VIDEO

Hillary Clinton Nude

Hillary Clinton Nude

 

The Incredible Shrinking Third Quarter U.S. GDP Figures

December 24th, 2009 Comments off

It was with triumphant fanfare that the Obama administration initially announced that the Q3 results for the U.S. economy showed a robust 3.5% annualized growth, signalling and end to the Great Recession. Predictably, the Dow Jones index soared. Then, somewhat latter, a revised number came in from the Bureau of Economic Analysis; the Q3 GDP growth was a much more modest 2.8%, indicative of a sluggish recovery, at best. But even that is not the end of the story.

A second revision has now been released from the BEA, and it is even more anaemic, a mere 2.2 %. God only knows what another revision might reveal. However, even if the 2.2% positive growth figure holds, it must be recognized that is it based on gimmickry such as the infamous “Cash for Clunkers” program, which merely pushed demand for automobiles forward, in the process artificially inflating the Q3 number. As much as 1.45% of the 2.2% growth came from increased automotive sales due to this boondoggle. Subtract gimmicks and the vast level of increased government spending based on adding substantially to the national debt from the equation, and it becomes clear that the real economy of the United States is still in recession.

 

 

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