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Politics : President Barack Obama
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To: John Vosilla who wrote (134392)6/26/2013 11:52:27 AM
From: RetiredNow  Read Replies (1) of 149317
 
The BEA reported the final GDP for Q1 and it's at stall speed, defined as anything below 2% almost always means we are in recession. Q4 final revision was 0.4%, also stall speed. Very ugly. Housing continues to be a bright spot keeping the economy alive. When QE tapers, what happens next? I think I might ask the local heroin addict what happens when he doesn't get his fix. That may give me some answers. I suspect wild swings in mood and periodic crashes, followed by rebounds on optimism of the next fix. Ouch.
bea.gov

Advance Estimate, Second Estimate, Third Estimate (Percent change from preceding quarter) Real GDP...................................... 2.5, 2.4, 1.8
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