Friday, September 16, 2016

Another GDP Balloon Deflated

After pitifully low levels of economic growth for the first half of 2106, economists and the Fed were predicting a bounce in the second half -- as they do every year.  Once again, the bounce will not materialize.

Already business forecasters and economists are trimming their estimates for the second half of 2016, including beginning to warn of a decline in overall economic activity.  The retail sector seems to be coming apart at the seams.

So, the beat goes on.  The American economy, struggling under the hammer blows of the most anti-business administration in American history, continues to limp along, as it has since the financial collapse of 2008.  If you outlaw economic activity, economies slide into the mud.  That's what has happened in the US.

No economic growth creates enormous social ills.  Look for more political division as the fight to divide a static pie accelerates.

No comments: