Sunday, January 31, 2016

US 4Q GDP .7 ... Or -2.3%

US economy hits soft patch in fourth quarter as inventories, trade weigh:

4Q was .7% ... according to the government, we "grew" at 2.4% and "expanded" likewise in 2014.
The fourth-quarter growth pace was in line with economists' expectations and followed a 2 percent rate in the third quarter. The economy grew 2.4 percent in 2015 after a similar expansion in 2014.
As we keep track of here though, we changed the way we calculate this in July of 2015, so the number has ACTUALLY been "boosted" (manipulated) upward by as much as 3%! 

Meaning that GDP very likely SHRANK in 2015! 

'via Blog this'

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