The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label rip. Show all posts
Showing posts with label rip. Show all posts

Thursday, March 1, 2012

RIP for US GDP

This morning, Goldman Sachs lowered their GDP estimates for the US in 2012, and this prediction continues a trend of spiraling production in the world's largest economy.

Spending and income data weaker than expected for January. We revised down our Q1 GDP tracking estimate to 2.0% from 2.3% previously

Given weaker-than-expected consumer spending results, we revised down our tracking estimate of Q1 GDP growth to 2.0% (annualized) from 2.3% previously. Construction spending data and vehicle sales reported later today could also affect our tracking estimate - Zerohedge

Given that oil and gasoline prices will further cut into consumer spending, which makes up nearly 70% of America's GDP numbers, the death rattle for the economy has begun, and it is RIP for the world's one time greatest GDP.