US first-quarter GDP revised down to 1.8%

Discussion in 'Political Opinions & Beliefs' started by FixingLosers, Jun 26, 2013.

  1. FixingLosers

    FixingLosers New Member

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  2. johnmayo

    johnmayo New Member Past Donor

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    This is the problem with QE:

    "With the third estimate for the first quarter, the increase in personal consumption expenditures was less than previously estimated, and exports and imports are now estimated to have declined. - See more at: http://www.stockmarketwire.com/article/4620756/US-first-quarter-GDP-revised-down-to-1-point-8pct.html#sthash.FMWaOL43.dpuf"

    That is the danger when our international trading declines, it shows we are losing a competitive edge and people aren;t buying our products and we can't afford theirs. This is what happens when all of the currency manipulation and money printing goes towards inefficiency and malinvestment.
     

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