Saturday, January 30, 2016

GDP for 4th quarter comes in below 1%, and would have been negative without forced Obamacare tax

Although we have mentioned it several times, the primary factors that make up U.S. GDP are consumer spending, and government spending.  Combined these two categories within the Gross Domestic Product account for 85% of the total production numbers.
GDP Breakdown
So when 4th Quarter GDP growth came in at less than 1% on Jan. 29 (.69%), it validated that sales over the holiday shopping season were incredibly dismal, and that consumers are close to tapped out when it comes to buying products in the economy.
q4 gdp


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