President Barack Obama Message Board

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Politics : President Barack Obama

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To: Sr K who wrote (121965)	9/28/2012 11:38:46 PM
From: RetiredNow	Read Replies (1) of 149317

We are already in a economic contraction, though Obama will deny it. -------------------- Business Activity in U.S. Shrinks for First Time Since 2009 bloomberg.com Business activity in the U.S. unexpectedly contracted in September for the first time in three years, adding to signs manufacturing will contribute less to the economic recovery. The Institute for Supply Management-Chicago Inc. said today its business barometer fell 49.7 this month from 53 in August. A reading of 50 is the dividing line between expansion and contraction. ------------------- Consumer Spending in U.S. Stagnates bloomberg.com Consumer spending stalled in August after the surge in gasoline prices squeezed Americans’ paychecks, showing the biggest part of the economy is struggling to contribute to the economic recovery. Purchases rose 0.1 percent after adjusting for inflation following a 0.4 percent gain in July ------------------- Shiller Data Questions Housing Revival Power: Cutting Research bloomberg.com Don’t bet the house on a robust revival of the U.S. property market, says the Yale University professor who predicted the bursting of the dot-com and subprime-mortgage bubbles. There is no “unambiguous” sign of a strong recovery in the market, Robert Shiller and fellow economists Karl Case and Anne Thompson say in a paper published this week by the National Bureau of Economic Research.

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