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Posts Tagged ‘U.S. economy’

U.S. Economy Stuck At One Percent Growth

August 26th, 2016 Comments off

The corrected data released by the Commerce Department for the second quarter of 2016 is even a little worse than the already bad initial estimate. In Q2 the American economy registered GDP “growth” of a lackluster 1.1 percent. This follows similar data for Q1, indicating that in the first half of 2016 the U.S. economy grew by only a dismal one percent.

Despite hundreds of billions of dollars in deficit spending, the U.S. economy remains at stall speed. Without hundreds of billions of dollars in deficit spending, America’s economy would without a doubt plunge into a technical recession. Thus, less than three-months ahead of the U.S. presidential election, the Obama economy will not be one of the arrows in Hillary Clinton’s quiver. This may also provide Donald Trump with more ammunition, as the perception of a robust economic recovery in the United Sates fades from reality.

 

 

 

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U.S. Jobs Report For May A Disaster – – Only 38,000 New Jobs Created

June 3rd, 2016 Comments off

The U.S. Labor  Department has issued its employment data for May, and it is an unmitigated disaster. A mere 38,000 new jobs — many of them part-time — were created, while the supposedly stellar jobs numbers for previous months were revised downwards.  This is an appallingly bad employment report, yet the same Labor Department claims that the unemployment rate in the United States actually declined to  4.7 percent

It should be recalled that to keep pace with population growth, the American economy must add at least a quarter of a million new jobs each month.  If the result of a dismal 38,000 jobs in May is a supposed decline in the unemployment rate in the U.S., the only explanation is that many discouraged job seekers have supposedly “left” the work force, meaning that they are no longer considered by the Labor Department to be unemployed.

The jobs report for May, a disaster by any definition, explains the official and unofficial realities of the U.S. economy in 2016. The Obama administration maintains that the employment situation in the country is excellent; the data , devoid of spin, displays the exact opposite.

 

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U.S. Economy Stalled In Last Quarter of 2015

January 29th, 2016 Comments off

The revised data released by the Commerce Department indicates that America’s economy expanded by an anemic 0.7 percent in the final quarter of 2015. This level of GDP “growth” is essentially stall speed, indicative of the world’s largest economy being stuck in stagnation, reminiscent of Japan’s  L-shaped recession.

Despite Labor Departed figures that are spun to suggest a robust economy based on artificially low unemployment rates, the GDP data is more reflective of reality; an American economy that is stuck in the mud. And this, despite a recently increased projected deficit for the U.S. federal government of $544 billion for 2016.

Massive deficits combined with a stalled economy that may face a recession as global economic disarray grows will likely impact the upcoming 2016 presidential election, in which it appear more likely now that Donald Trump will challenge Hillary Clinton.

 

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U.S Economy Grew At Only Two Percent In Third Quarter of 2015

December 23rd, 2015 Comments off

The U.S. Commerce Department revised slightly downward its already meager assessment of the third quarter of 2015. The updated data reveals that in Q3 the American economy grew at only 2 percent. Overall, the first three quarters of 2015 indicated GDP growth in the United States of two percent. Unless there is an unexpected and massive pickup in Q4, the overall rate of GDP growth  in the U.S. will remain at about 2 percent for 2015.

Marginal growth, far below potential, has been the reality since the “recovery” from America’s Great Recession of 2008, sparked by the global economic and financial crisis. Despite unprecedented fiscal and monetary stimulus, the “recovery” still only generates a level of subpar growth that is not only counter to previous  recoveries, but is at virtual stall-speed. As the Fed begins to ramp up interest rates after nine years, should another major recession strike the U.S. economy, there are no quivers left in the arsenal of government policy measures.

 

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U.S. Economy Nosedived In First Quarter

May 30th, 2015 Comments off

 

The Commerce Department released revised data for the U.S. economy in Q1 of 2015. Instead of the disappointing 0.2 percent contraction, the Commerce Department is now reporting that America’s GDP contracted by a far worse 0.7 percent. This rate of negative growth clearly reveals severe and lingering weaknesses in the nation’s economic health, seven years after the onset of the global economic crisis.

As is usual, the pundits are blaming the weather, a rising dollar, the Greek debt crisis, everything but the kitchen sink. They also promise a strong rebound in Q2. However, what the pundits ignore is that the first quarter also witnessed a severe fall in oil prices, a factor that was predicted to be highly stimulating for the national economy and GDP growth. It seems that fundamental vulnerabilities still  ail the U.S. economy, a reality that simply cannot be ignored or spun away.

 

 

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Hillary Clinton Nude

Hillary Clinton Nude

U.S. Economy Loses Steam; GDP Growth Stalls

April 30th, 2015 Comments off

Data released by the U.S. Commerce Department reveals that GDP growth in the United States contracted to an almost flat 0.2 percent in Q1 of 2015. This is virtually stall speed, and a sharp contrast to last summer, when officials proclaimed that America’s economy was experiencing sustained high GDP growth.

Typically, the policymakers and government officials will come up with a multitude of explanations for this poor measure of the American economy. No matter the spin, however, this is bad economic news, which surprised the most somber predictions of the experts.

 

 

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

 

U.S. Economy Falters: Growth Fell In Last Quarter of 2014

February 28th, 2015 Comments off

 

According to revised data from the Commerce Department, the American economy grew by only 2.2 percent in Q4 of 2014, significantly lower than the earlier reported figure of 2.6 percent, which caught analysts off-guard.  The corrected GDP growth figure for Q4 is a sharp drop from the reported 5 percent growth in Q3, throwing a wet blanket over claims made earlier by the Obama administration that the U.S. economy was set for strong, consistent growth.

Typical with poor economic data emanating from Washington, the analysts and pundits are already doing their spin routine, claiming that the disappointing economic data for Q4 of last year was merely a temporary speed bump. The prediction of annual GDP growth in excess of 3 percent in 2015 for the American economy is being forecasted by many observers.

But what about the undeniably very bad economic news coming from the Eurozone and Russia, and the slowdown in China and Brazil? As the U.S. economy is not a island, it seems unreasonably optimistic to believe that the proliferation of bad economic news from abroad will not impact the United States negatively.

 

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

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

 

U.S. Economy Contracted By Nearly Three percent In First Quarter of 2014

June 25th, 2014 Comments off

Blame it on the weather, the pundits are already chiming. But no amount of verbal acrobatics can disguise the fact that the U.S. economy experienced its worst performance in Q1 of 2014 since the dark days of 2009, following in the wake of the global economic and financial crisis. According to the U.S. Commerce Department, revised figures show the American economy contracted at a rate far worse than the originally reported decline of 1 percent; the updated figure is a  contraction in the first quarter of 2.9 percent.

The same spin masters claiming this very bad performance for the U.S. economy was due to unusually cold weather are already predicting a very strong rebound in the next quarter. However, if one looks deeply at the data released by the Commerce Department, a big factor in the Q1 contraction was a decline of 8.9 percent in exports. What is left unexplained by the “experts” is how a contraction in exports by nearly nine percent was created by cold weather conditions.

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

U.S. Economic Crisis Remains A Job Crisis

May 7th, 2014 Comments off

About four years into the supposed end of the Great Recession,  the proclaimed recovery of the U.S. economy remains one that is largely jobless, as well as being artificially goosed and propped up by massive bouts of monetary stimulus, known as quantitative easing, by the Federal Reserve. Thus, the April jobs report has been heralded as great news by pundits, claiming that the American economy that month created 288,000 net new jobs, and that the official unemployment rate has declined to 6.3 percent. Sounds like good economic news-but not so fast.

The economics correspondent for the British newspaper The Telegraph, Ambrose Evans-Pritchard, has waded into the details of official employment and workplace participation statistics in the United States, and found that in fact the non-farm workforce in the U.S. actually declined by 806,00 in April and overall labor participation in the U.S. has declined to a miserable 62.8 percent of the population. Thus, it is able-bodied men and women who have left the labor force due to discouragement that has driven down the unemployment rate, and not new job creation. The U.S. economy, which officially grew by a measly 0.1 percent in the last quarter (essentially no-growth),  is still dependent on massive monetary stimulus and large government deficits. Meanwhile, monetary stimulus is losing its economic punch, while distorting the economy through the creation of massive asset bubbles. The Fed recognizes this, and is well into its tapering back of quantitative easing.

From every perspective, the American economy does not look nearly as good as it is being described in official circles, and ditto for much of the rest of the world, still mired in the great global economic crisis.

 

 

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