Wednesday, January 30, 2013

GDP drops by 0.1% in 4th Quarter

Those close to me know that last fall in the heat of the Presidential debate cycle I was of the belief that we had entered a recession and would see the numbers later.  Later is today.  The US GDP dropped by 0.1% for the fourth quarter of 2012 as spending throughout our economy slowed.  

Right now we have a stock market that is inflating against real numbers that suggest no real reason for confidence.  As we get closer to another "fiscal cliff" debate look for things to stall again as the nonsensical debate regarding debt by the Federal government combined with job depreciation in response to Obamacare continue to harm the economy.

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