Yesterday as noted on here, the excitement of the GDP was at best questionable. Today, those questions blew up on investors as consumer spending fell and the stock market followed suit. The fact is/was the GDP news was based almost entirely on government spending. There is no business growth, see unemployment and there is no increased consumer spending as evident of today's announcement.
People grow tired of bad news, but here on this site, I am dedicated to offering the truth, something many places has decided against in favor of a political agenda. Remove the agenda or ignorant the bliss from this story and the fact is there is no story. An economy cannot sustain any form of growth with the government as the main player.
No comments:
Post a Comment