“Negative 1 percent.  That’s how much the U.S. economy managed to ‘grow’ in the first quarter, according to the government’s revised estimate.  After more than $800 billion in stimulus spending from Washington.  After more than $3 trillion of QE from the Federal Reserve.  After six-plus years of record-low interest rates … record levels of monetary intervention in the U.K., Japan and Europe … and the biggest bailouts in the history of the world.  It’s much worse than the 0.1 percent gain the Commerce Department originally reported. It was twice as bad as the 0.5 percent decline economists were expecting. And it’s the worst reading since the first quarter of 2011.”

http://www.moneyandmarkets.com/economy-tanks-and-stocks-soar-61680

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy