U.S. GDP Contracts for First Time Since 2009 ! (No Recovery Since 2009 Really!)
- The Illuminist western MSM would like you to believe there was a recovery since 2009. This is BS propaganda based on fraudulent, lying statistics! The Illuminist banksters need to continue money printing to help their banks. Good economic statistics mean rising interest rates, higher long bond yields and an end to QE. It will kill the banks especially the ones manipulating the long bond yields ie: JP Morgue etc. It will cause the quadrillion dollar financial derivatives market to meltdown! Think interest rate swaps! So, the Illuminist banksters need some bad news to give them reasons to continue with QE to infinity! Remarks mine:
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U.S. GDP Contracts for First Time Since 2009!
by Reuters, via http://www.foxbusiness.com/
The U.S. economy unexpectedly contracted in the fourth quarter, suffering its first decline since the 2007-09 recession as businesses scaled back on restocking and government spending plunged.
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Gross domestic product fell at a 0.1 percent annual rate after growing at a 3.1 percent clip in the third quarter, the Commerce Department said on Wednesday. That was the worst performance since the second quarter of 2009, when the recession ended, (Propaganda BS! Economic depression never ended!) and showed the economy entering the new year with no momentum.
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The contraction, coming against a backdrop of tightening fiscal policy, could spur fears of a new recession and create an urgency for policymakers to deal with outstanding budget issues.
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Economists polled by Reuters had expected output to increase at a 1.1 percent rate. None of the economists surveyed had predicted a contraction.
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A pick-up in consumer spending and a rebound in business investment, however, curbed the slide in output and offered some hope for the recovery, (Propaganda BS) which will be severely tested as Washington tightens its belt.
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