The US economy "all but stagnated" in the first three months of the year, growing at an annual rate of just 0.2%, official figures show. The growth figure was far lower than expectations. Analysts had forecast growth would be about 1%.NYTIMES:
The biggest component of G.D.P., personal consumption spending, held up O.K., the winter notwithstanding, rising at a 1.9 percent pace. That is a step down from the previous three quarters, however, and suggests that the steep decline in fuel prices in the latter half of 2014 isn’t creating a boom in consumer spending, one of the big mysteries for the economy. In effect, the economy will be fine if consumer spending strengthens to offset the drag on trade coming from the strong dollar, but there was no real evidence that was happening in the first quarter of the yearTHE US ECONOMY SUCKS.
MANY STORES ARE CLOSING.
ONLY STOCKS ARE DOING WELL - GLOBALLY - AND IT'S ALL CENTRAL BANK DRIVEN.
ONE FALSE MOVE AND THE S WILL HIT THE F AND WE'LL BE RIGHT BACK WHERE IT ALL STARTED IN 2007, ONLY WITH MORE DEBT AND WORTHLESS CURRENCIES.