US economic growth slows sharply

Just 280 days until this “hope and change” nightmare is over.
O laughs

Funny, I didn’t hear much about this in the US national news. I had to go to the BBC to find out about this.

Our economy grew at an annualized rate of just 0.7% in the fourth quarter of 2015 compared with the same quarter a year ago, official figures show. This is a sharp slowdown from the 2% growth recorded in the previous quarter.

The US Commerce department said one reason for the slower growth was a slowdown in consumer spending. Doesn’t take a genius to figure that out! Export growth was also slower as the strong dollar made US goods more expensive outside the country.
Energy sector investment continued to plummet, with spending on mining exploration, wells and shafts down 38.7%, a slightly less dramatic fall than the 47% drop seen in the third quarter. Overall, investment in the sector was down 35% in 2015, the largest drop since 1986.
Unseasonably mild weather held back some consumer spending, with another brake on growth from manufacturers who needed to run down surplus stock rather than make new goods.
Overall, the US economy grew by 2.4% in 2015, and is expected to pick up steam to give a similar growth figure this year. I’ll believe that when I see it.
On Wednesday, the US central bank the Federal Reserve said that growth had “slowed late last year” but that employment had picked up. At the end of last year the Fed was sufficiently confident in the strength of the US economy to raise rates for the first time since 2006.
Chris Williamson, chief economist at Markit, said the drop in growth of consumer spending would sustain fears that the US economy was “reaping few benefits from the oil price rout while paying the cost as oil sector revenues plunge”. He said the figures could put off the timing of the next rise in US rates: “The slowdown adds more pressure to the Fed to reconsider the timing of future rate hikes, and suggests that policymakers may pare back their current expectations of a further four quarter-point hikes in 2016.”

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presumtious infidel

look up david stockman at contra corner. there will be so much such info it is unbelievable. growth rate is actually negative. consider 400million sheoples, 1/2 are welfare/subsidy trash, of the other half 65% are federal/state/local government employees, that are as productive as the welfare trash. unsustainable without printing $. such simple math. considering we exist in height. width,depth, duration {everything physical/physiological is calculable. one can simply measure the state of wealth {money is not wealth, rather a byproduct of wealth}, is the acceptance/adoration of the homo. this is a simple calculation of height/width/depth X duration ; God does not… Read more »

Dr. Eowyn

A side-effect of a troubled U.S. economy is the repercussions on the rest of the world, America being the economic giant it is. And so the economy of the entire world is slowing, as seen in shipping and the Baltic Dry Index.
Another alarming sign is that Japan’s banks, like some European countries, are now offering NEGATIVE interest rates, which means savers are actually paying banks, not the other way around.


[…] Original Article […]


Taking everything into consideration over the last seven years, I still doubt any growth at all. The money printed to hold up the stock market, lying about unemployment, refusing COLA to those on SS claiming no inflation, but omitting food and fuel in the equation, the terrible drop in interest rates on all accounts. Just look at CDs as an example. The lack of shipping in the world as well. And it doesn’t stop there. They can paint it any way they want, but to blow smoke up our rears and call it progress won’t make it. This country has… Read more »