Economy in Danger of Stalling

[Weatherman2020]

The economy did not grow as much as people thought.

The GDP expanded at a 1.1% annual rate last quarter, down from the previous 1.2% estimate.

U.S. economic growth was a bit more sluggish than initially thought in the second quarter as businesses aggressively ran down stocks of unsold goods, offsetting a spurt in consumer spending.

Gross domestic product expanded at a 1.1% annual rate, the Commerce Department said on Friday in its second estimate of GDP. That was slightly down from the 1.2% rate it reported last month.

The revision, which was in line with economists’ expectations, also reflected more imports than previously estimated as well as weak spending by state and local governments. The economy grew at a 0.8% pace in the first quarter. It grew 1.0% in the first half of 2016.

The economy has struggled to regain momentum since output started slowing in the last six months of 2015, which puts it in danger of stalling.


The U.S. Economy Isn’t Growing as Quickly as People Thought

 

[Fenton Lum]

Privatized gains versus socialized losses for the Wall Street bankster class

Internalized profit versus externalized risk and expense for the "job creator" class

Socialism for the aristocracy versus laissez-faire capitalism for the masses

And it's utterly bipartisan, locate a clue pard..

 

[Moonglow]

Ain't gonna as long as China and other once expanding markets contract..Capitalism, ain't it a bitch!?

 

[Jomama]

I dont see it stalling. The economy is anemic but that's our new normal. We are certainly not headed to a crisis, banks have very strong balance sheets.

 

[AdvancingTime]

A series of what would have at one time been considered outlandish ideas, such as a war on cash, forgiving debt through a debt jubilee, giving everyone a guaranteed income, and even injecting money into the economic system by dropping it from a helicopter have all found their way into conversations about ways to jump start the economy.

These are all over the top solutions offered to resolve the problem of slow economic growth in a global economy mired in debt. These efforts should be considered not real solutions but desperate attempts to render the laws of economics moot and move us further into the false state of modern voodoo economics. The article below delves into how these help to perpetuate the false illusion all is well.

Advancing Time: Belief In The False Illusion Of Stability - Ponzi Scheme 101

 

[David_42]

This is why we need increased deficit spending.

 

[AnCap'n_Murica]

The stall horn has been wailing for seven years now.

 

[EdwardBaiamonte]

This is why we need increased deficit spending.

good idea since we're only $20 trillion in debt now thanks to deficit spending!!!! See why we are positive that liberalism is based in pure 100% ignorance? Is anyone willing to defend liberalism?

 

[EdwardBaiamonte]

I dont see it stalling. The economy is anemic but that's our new normal. We are certainly not headed to a crisis, banks have very strong balance sheets.

economy is on razors edge just above stall speed but is propped up there by very very artificial 0% interest rates and huge deficit spending to make it look good. If folks see it as artificial tomorrow it all could collapse tomorrow. A return to Republican capitalism would be a return to 4% growth rates.

 

[Jomama]

such as a war on cash, forgiving debt through a debt jubilee, giving everyone a guaranteed income,

Is it all hyperbole or is there anything substantive to your post? Cash has done very well lately. The dollar has grown against other currencies and it holds value in a zero interest economy. Debt jubilee and guaranteed income are clearly hyperbole.

 

[AntonToo]

Weatherman do you know the difference between economic slow growth and contraction?

I ask this because the title and the picture in the OP suggest that you don't.

Now, we are 7-8 years since last recession and according to the way business cycles have been going we are due for another one. BUT current mixed bag of indicators do not point to it.

Q Revision of 0.1% in annualized GDP growth in the grand scheme of things means right about nothing