BREAKING: U.S. Economy Shrank 2.9% First Quarter 2014, Biggest Contraction in 58 years!

This one is easy, Obamaco's deficit spending dropped from $1 trillion to about $500 billion, or a drop of $0.5 trillion.

$0.5 trillion = 3%

Majick.

GDP shrinks? Stock market RALLIES!

Unemployment up? Stock market RALLIES!

Hyperinflation: Big, big, big stock market RALLY!

We could be a smoldering wasteland from sea to irradiated sea and somewhere a compooter would be blinking DOW 30,000!

North Idaho here. We're a retirement hot spot, so there is a lot of service sector jobs. Keeps the kids employed. Construction is hot. Schools being remodeled, hospital expanding, high-rise going up downtown.

Retiring baby-boomers and White Flight from La Reconquista. I don't know how long it can last, but I'm not part of it per se. I live very modestly, and when SHTF, I've got a riverfront lot and a rifle.

Who's going to pay for all these illegals? Where will the money come from? I suspect those making good money will be expected to foot the bill.

We had the reports of a big pop in taxes collected.
And the Barrycare deadline for enrollment deadline
at the end of Q1.

Money sucked out of consumers, out of the economy.

I doubt they bother printing it any more. Easier to put 1s and 0s into one of their funny-money compooters. 1000-year Reich!

What is the average wage of the U.S. employee?

What is the underemployment rate(people who want to work 40 hours a week 12 months a year but can't find that)?

What is the number of legal and illegal foreign guest workers and their spouses living and working in the U.S.?

How many U.S. workers get financial assistance from their parents?

How many U.S. workers are living with their parents?

Do you want to fight what is happening to you? Then buy yourself some land and garden it. Learn to craft things. Always learn. Watch videos on how to do things.

What are you smoking? Wherein this article does it state that?

Where you have lots of highrise construction, most of that is for residences and usually following the sustainable development agenda of Agenda 21 out of the UN.

Credit and subsidies.

"Yet health-related spending actually fell by $6.4 billion instead of rising by $39.9 billion as previously estimated, according to newly revised figures"

LOL...they were only off by $46.3 billion.

yeah, tech areas are booming. Northern California too. Message to youngsters in school: study math and sciences. Get a degree in engineering and you'll be a "have" and not a "have not."

FAILURE

Sheeples are dumber than ever. Definitely no sign of 'waking up' of any sort. All those hyped 'march' turned out to be less than jokes. They are starving, period. Nothing can starve the beast. The beast prints its own money to feed themselves. The only booming business is the war business

the idea of judging growth by how close they are to their estimate is itself a scam... why estimate? Why not compare YoY, or against the % we actually need to maintain stability?

I'll answer my own question, so they don't have to admit how bad things actually are

Yes, you are correct!

If the GDP contracts for two consecutive quarters (i.e., a "recession" occurs), then the Fed will re-engage its $85 Billion/mo QE, and might even try negative interest rates (NIRP) as the Eurozone has now implemented.

This economy is now so fucked it's beyond words.

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That's correct. When the bubbles are inflating (as they are now), then this creates the illusion that the economy is improving. But, in reality, it's merely the old bubbles being reflated (and new bubbles being born) by ultra-loose monetary policies.

If the Fed were to raise its Federal Funds Rate to the historical average of 4% (currently at 0%), then the US economy would immediately collapse (as all the bubbles would pop), and the US would enter its worst depression ever.

Currently, the US economy is on massive life-support which, if removed, would kill the patient.

If the US wants to increase GDP, it need merely legalize and tax marijuana sales ....

Boston is one of the cities that is benefiting from lots of federal government contracts.

Sounds like a depression is still going on and no one is doing a thing to turn the country around.
Liberals sure brought a change, a change for the worse.

Savage says the same thing about San Fran Sicko.

Prolly tech dollars. MIT in Boston and Silly Cone Valley near SF.

Asteroid strike expected on Washington DC stocks triple overnight!

A DNR order has been issued. Lets not do this again.

GDP is a useless calculation that includes all kinds of adjustments to raw data. They go back and change GDP numbers from 20 years ago.

It's like inflation, they want to keep the sheeple calm, confident in their ponzi scams.

.

Does it matter? They are still jobs aren't they?

:racist5:

And if he had a son....

Yes, GDP and inflation data are heavily fudged and manipulated beyond belief.

So you have to wonder: if the "published" GDP figure is this bad, then what is the "actual" (non-fudged) GDP figure? -6%? -8%? -10%

We know that the "actual" inflation rate is at least 10%, whilst the "published" figure is a bullshit 2% (and even that is high).

This is a sign of a country in its final, end-stages and last gasps for existence (i.e., when it must rely on massive propaganda and massive distortions and massive deception / manipulation and massive life-support).