Jan 30 2009
U.S. GDP drops – 1/30
U.S. Q4 GDP has just been reported as down 3.8% in Q4, down 5.1% excluding a buildup of inventories – read here. Escalated government spending ought to occur when GDP is rising, not when it is falling. Accordingly, while no surprise, this drop in GDP – which I think won’t reverse any time soon – is oxymoronic in the context of the U.S. government bailout programs and the ever increasing cumulative U.S. National Debt.
The views expressed in this Post are those of the author. They are offered to readers for information and general guidance only. They are neither intended to, nor should be taken to, constitute economic or investment advice. No check of data underlying articles or comments referenced herein has been made, and no responsibility is taken for them. See Legal Disclaimer.
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