Friday, April 27, 2007

GDP 1st Q 2007 is 1.3% annualised USA is in Recession

Everything below 2.0% is actually a recession, if you subtract even official inflation number you will be in Negative Real output growth. Recession will be recognised only after it happen as usually, massaging the numbers is a least of Evil which is happening with the Great Country. USD from here is a very bleak story, it will not crashed but "orderly decline" is inevitable - you can not create wealth out of thin air: it is different to the pieces of paper you are making from it (or electronic records). Bernanke's helicopters are here right above your house.

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