

GDP Shocker: US Economic Growth Crashes To Just 0.1% In Q1 (ZeroHedge, April 30, 2014):




The full breakdown of GDP components:

Q1 GDP first revision

And here’s what everyone’s favorite economist, who was off only by around 1900%, thought:


4 thoughts on “GDP Shocker: US Economic Growth Crashes To Just 0.1% In Q1”

  1. The stock market has nothing to do with the real economy, it has not for a long time. 85% of all transactions are high frequency, where single individuals controlling large funds buy and sell huge amounts stock in the blink of your eye. I call it skim and sell, and it used to be illegal.
    As a result, a very few people control the market, and they have bled it nearly empty. Only the wannabe greedy guts look at the high numbers of the stock exchange, and think the recession is over. Every time jobless claims go up, so does the market, that ought to tell them something.
    We used to have the NYSE that accepted only the finest stock, the American Stock Exchange for growing enterprises, and the NASDEQ for startups.
    They combined the ASE with the NYSE because the money was running short. Now, they even put startups on the NYSE, like twitter……it is insane, but real money is disappearing into the pockets of the real greedy guts.
    Now, there is talk to combine the NYSE with the NASDEQ, because, again, they are running out of money.
    The market is so rigged, so crooked, nobody should touch it. 15% of the players are real investors, and we don’t know how many of them play on margin…..other people’s money.

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