{"id":40619,"date":"2013-08-03T14:06:35","date_gmt":"2013-08-03T18:06:35","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=40619"},"modified":"2013-08-03T14:06:35","modified_gmt":"2013-08-03T18:06:35","slug":"how-bad-is-the-u-s-economy","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/08\/03\/how-bad-is-the-u-s-economy\/","title":{"rendered":"How Bad Is the U.S. Economy?"},"content":{"rendered":"<p>By Profit Confidential<\/p>\n<p style=\"text-align: justify\">While I continue to hear politicians and the mainstream media tell me the U.S. economy is in a full-fledged recovery, I totally disagree with the notion.<\/p>\n<p style=\"text-align: justify\">I believe the truth of what\u2019s going on with the U.S. economy is the total opposite of what we are being fed by both politicians and the mainstream media.<\/p>\n<p style=\"text-align: justify\">Look at the chart below of the change in the real U.S. gross domestic product (<a href=\"http:\/\/www.profitconfidential.com\/gdp\/\" target=\"_blank\">GDP<\/a>) since the fourth quarter of 2011.<\/p>\n<p style=\"text-align: justify\" align=\"center\"><a href=\"http:\/\/www.profitconfidential.com\/wp-content\/uploads\/2013\/08\/Real-Gross-Domestic-Product-Chart.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-40387\" alt=\"Real Gross Domestic Product Chart\" src=\"http:\/\/www.profitconfidential.com\/wp-content\/uploads\/2013\/08\/Real-Gross-Domestic-Product-Chart.jpg\" width=\"550\" height=\"330\" \/><\/a><\/p>\n<p style=\"text-align: justify\">If we were witnessing recovery, or a period of economic growth, would we be seeing the <a href=\"http:\/\/www.profitconfidential.com\/gdp\/\" target=\"_blank\">GDP<\/a> collapsing? The rate of change in the GDP has actually been declining since the first quarter of 2012. This by no means should be taken lightly, as it indicates a recession may be following because economic activity isn\u2019t flourishing.<\/p>\n<div class=\"wpInsert wpInsertInPostAd wpInsertMiddle\" style=\"margin: 5px;padding: 0px\">\n<div id='sponsored_ad'>\n<p><strong>Still worried about the economy? Become a charter member of <em>DAILY PROFITS <br \/>\n<\/em>and you could&#8230;<span style=\"font-size:16px\"><strong>TRIPLE YOUR MONEY IN A MONTH!<\/strong><\/span> <a href='http:\/\/www.lombardifinancial.com\/reports\/DailyProfits\/Landing\/index.php?dept=PC&amp;sb=PCSITEEXT'>Learn how here!<\/a><\/strong><\/p>\n<\/div>\n<\/div>\n<p style=\"text-align: justify\">In fact, I see even more indicators favoring a recession ahead.<\/p>\n<p style=\"text-align: justify\">Consumers in the U.S. economy are struggling\u2014their pockets are getting emptier. Jobs are being created in the low-paying retail and service sectors. Meanwhile, prices for goods are increasing. Thanks to higher oil prices, I suspect prices for goods will continue to see an uptick.<\/p>\n<p style=\"text-align: justify\">Dear reader, current estimates of GDP growth are too optimistic\u2014but this will change. Consider this: The <a href=\"http:\/\/www.profitconfidential.com\/category\/federal-reserve-u-s-deficit\/\" target=\"_blank\">Federal Reserve<\/a> expects U.S. GDP to grow 2.3%\u20132.6% this year. Currently, in the second quarter, we are only running at an annual GDP growth rate of 1.7%. This is 26% below the Federal Reserve\u2019s lower estimates. Will our economic activity jump by 26% for the balance of this year? I highly doubt it.<\/p>\n<p style=\"text-align: justify\">This all brings me to one conclusion: the effects of the money printing can only go so far. Eventually, its utility diminishes. I am not surprised to see the signs of a recession emerging while politicians and the mainstream sing a different tune.<\/p>\n<p style=\"text-align: justify\">The National Bureau of Economic Research defines \u201crecession\u201d as a period in which \u201ca significant decline in economic activity spreads across the economy and can last from a few months to more than a year.\u201d (Source: National Bureau of Economic Research web site, last accessed July 31, 2013.) Aren\u2019t we experiencing this right now?<\/p>\n<p> Article by <a href=\"http:\/\/profitconfidential.com\/\">profitconfidential.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Profit Confidential While I continue to hear politicians and the mainstream media tell me the U.S. economy is in a full-fledged recovery, I totally disagree with the notion. I believe the truth of what\u2019s going on with the U.S. economy is the total opposite of what we are being fed by both politicians and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/08\/03\/how-bad-is-the-u-s-economy\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;How Bad Is the U.S. Economy?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-40619","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/40619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=40619"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/40619\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=40619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=40619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=40619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}