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Posts Tagged ‘u.s. GDP’

U.S. Economy Growth Is Tepid

August 1st, 2013 Comments off

The U.S. Commerce Department released Q2  results that indicate that, at an annualized rate, the American economy grew at 1.7 percent. And Wall Street and its coterie of experts are ecstatic. Why, I may ask? Because that number supposedly beat the predictions of those same experts, and exceeded that Q1 number, which reflected annual growth of the U.S. GDP at 1.1 percent.

Let’s hold our horses before uncorking the champagne bottles. By any standard, 1.7 percent annual GDP growth is tepid, and it is downright atrocious when one considered the massive fiscal and monetary stimulus being poured into the U.S. economy by the politicians and the Federal Reserve, care of Fed Chairman Ben Bernanke’s quantitative easing and purchases of U.S. securities at the rate of 85 billion dollars per month, facilitated through the Federal Reserve’s printing press.

In addition to the above facts, the comparison with Q1 is misleading. Yes, 1.7 percent looks better than 1.1 percent. But let us recall that the 1.1 percent figure is a corrected number; the original Commerce Department report on Q1 was annual GDP growth of 1.8 percent.  Who can be certain that the Q2 number will not at some point be corrected downward, just as with the Q1 report?

All in all, despite the celebratory hype, I find nothing to cheer about in the report, and find the meager growth figure a pathetic end product derived from unprecedented fiscal deficits and Federal Reserve money printing.

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:

Hillary Clinton Nude

HILLARY CLINTON NUDE

Hillary Clinton Nude

WALL STREET KILLS--A CHILLING NOVEL ABOUT WALL STREET GREED GONE MAD

To view the official trailer YouTube video for “Wall Street Kills,” click image below:

In a world dominated by high finance, how far would Wall Streetgo in search of profits? In Sheldon Filger’s terrifying novel about money, sex and murder, Wall Street has no limits. “Wall Street Kills” is the ultimate thriller about greed gone mad. Read “Wall Street Kills” and blow your mind.
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U.S. Economy At Stall Speed: Q2 GDP Figures Revised Downward

September 28th, 2012 Comments off

In its third revision of GDP data for the second quarter of 2012, the Bureau of Economic Analysis  has posted a dismal set of numbers. The U.S. economy “grew” at a tepid rate of 1.3 percent in Q2 in 2012, versus a slightly higher but still weak rate of 2 percent in Q1. A rate of 1.3 percent growth, which is virtually stall speed, was only made possible by America’s massive structural mega-deficits. In FY 2012, the U.S. federal government deficit is projected to run at $1.3 trillion, representing more than 40 percent of the entire federal budget.

The anemic GDP figures for Q2 reflect an economy that remains in deep crisis. The only factor preventing a compete free fall of the U.S. economy are the massive deficits, which are unsustainable. Even a modest reduction of the deficit, however, would plunge the United States into a deep recession.

                 

 

 

 

WALL STREET KILLS--A CHILLING NOVEL ABOUT WALL STREET GREED GONE MAD

 To view the official trailer YouTube video for “Wall Street Kills,” click image below:

In a world dominated by high finance, how far would Wall Street go in search of profits? In Sheldon Filger’s terrifying novel about money, sex and murder, Wall Street has no limits. “Wall Street Kills” is the ultimate thriller about greed gone mad. Read “Wall Street Kills” and blow your mind.

 

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