U.S. Economy Unexpectedly Contracts in Fourth Quarter
I guess now that the election is over and his highness is back in office, all the monopoly money games and fraud that the FED and the Treasury Department were up to, and all the data manipulation and tricks by the statisticians in the administration, are no longer necessary. And neither are the games with the unemployment numbers and the use of data sets never used before in order to get unemployment below 8% for the election, and let's not forget how California conveniently missed the deadline to turn in their data, where the person in charge of doing so is an Obama supporter and contributor.
so it is now safe to let the public know the REAL performance of the economy.
There you go...we are doing what europe does, so now we are getting the results that europe has.
Quote :U.S. economic momentum screeched to a halt in the final months of 2012, as lawmakers' struggle to reach a deal on tax increases and budget cuts likely led businesses to pare inventories and the government to cut spending.
The nation's gross domestic product shrank for the first time in 3 1/2 years during the fourth quarter, declining at an annual rate of 0.1% between October and December, the Commerce Department said Wednesday.
It was the first time the broad measure of all goods and services produced by the economy contracted since the recovery from the financial crisis began. Economists surveyed by Dow Jones Newswires had expected 1.0% annualized growth.