Well, ain’t that a kick in the head.
Notice how GDP growth have been declining since 1950 (16.9 percent QoQ) to Q4 2013 (2.2 percent QoQ). Now QoQ GDP growth is down 60 percent from Q3 to Q4 2014.
As the Edison Lighthouse once sang (sort of ), growth slows where my government grows.
Personal consumption expenditures grew at 4.2 percent QoQ, tying the highest rate since The Fed began their massive intervention.
Here is the breakdown of the Q4 GDP numbers.
Let’s see if The Federal Reserve and Janet Yellen have any tricks up their sleeves in their Little Green Bag.
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