US Economy: Troubled or All's Well?
US economy experienced no growth since 2006/2007.
by Stephen Lendman
Headlines flashed warning signs. Commentaries downplayed them. A Wall Street Journal editorial headlined "As Contractions Go"."
US Q IV GDP shrank, "but not to worry. The report is better than it sounds, the stock market is rocking, and (the Fed will) keep both feet pressed firmly on the monetary accelerator."
The Financial Times headlined "US outlook still clear despite shower," saying:
Predicting recession "based on (-0.1% GDP decline) "is a bit like expecting rain because somebody threw a bucket of water out the window."- Advertisement -
The wildcard is "if Congress decides to dump water out the window every month, via across-the-board 'sequester' cuts" expected soon.
According to Bloomberg , "R-Word For US Economy in 2013 is Rebound Not Recession."