{"id":20333,"date":"2016-04-28T18:52:46","date_gmt":"2016-04-28T23:52:46","guid":{"rendered":"http:\/\/olduvai.ca\/?p=20333"},"modified":"2016-04-28T18:53:06","modified_gmt":"2016-04-28T23:53:06","slug":"the-u-s-economy-officially-joins-the-global-economic-slowdown-1st-quarter-gdp-comes-in-at-0-5","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=20333","title":{"rendered":"The U.S. Economy Officially Joins The Global Economic Slowdown \u2013 1st Quarter GDP Comes In At 0.5%"},"content":{"rendered":"<div class=\"post-headline\">\n<h3><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/the-u-s-economy-officially-joins-the-global-economic-slowdown-1st-quarter-gdp-comes-in-at-0-5\">The U.S. Economy Officially Joins The Global Economic Slowdown \u2013 1st Quarter GDP Comes In At 0.5%<\/a><\/h3>\n<\/div>\n<div class=\"post-bodycopy clearfix\">\n<p><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/the-u-s-economy-officially-joins-the-global-economic-slowdown-1st-quarter-gdp-comes-in-at-0-5\/slow-down-public-domain\" rel=\"attachment wp-att-10194\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-10194\" src=\"http:\/\/theeconomiccollapseblog.com\/wp-content\/uploads\/2016\/04\/Slow-Down-Public-Domain-460x304.jpg\" alt=\"Slow Down - Public Domain\" width=\"460\" height=\"304\" \/><\/a>Even the government is admitting that the U.S. economy is slowing down.\u00a0 On Thursday, we learned that U.S. GDP grew at just a 0.5 percent annual rate during the first quarter of 2016.\u00a0 This was lower than analysts were anticipating, and it marks\u00a0<strong>the third time in a row<\/strong>\u00a0that the GDP number has declined compared to the previous quarter.\u00a0 In other words, GDP growth has been declining for close to a year now, and this lines up perfectly with what I have been saying about how the second half of last year was a turning point that plunged us into the early chapters of a brand new economic crisis.\u00a0 And as you will see below, the official GDP number is highly manipulated, and the way that it is calculated has been changed numerous times over the years.\u00a0 So the bad number that is being reported by the government is actually the best case scenario.<\/p>\n<p>Of course many of the \u201cexperts\u201d being quoted by the mainstream media are saying that this is just a temporary blip and that good times for the U.S. economy are right around the corner.\u00a0 For instance, check out this quote\u00a0<a title=\"from Reuters\" href=\"http:\/\/www.reuters.com\/article\/us-usa-economy-idUSKCN0XP0BQ\" target=\"_blank\">from Reuters<\/a>\u2026<\/p>\n<blockquote><p><span id=\"articleText\">\u201cThe economy essentially stalled in the first quarter, but that doesn\u2019t mean it is faltering,\u201d said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania. \u201cSome of the restraints to growth are dissipating. Growth is likely to accelerate going forward.\u201d\u00a0<\/span><\/p><\/blockquote>\n<p>We have been told this same story for years, but the \u201cacceleration\u201d has never materialized.\u00a0 In fact, Barack Obama is poised to become\u00a0<a title=\"the only president in U.S. history\" href=\"http:\/\/www.thegatewaypundit.com\/2016\/04\/simply-worst-obama-first-president-ever-not-see-single-year-3-gdp\/\" target=\"_blank\">the only president in U.S. history<\/a>\u00a0to never have a single year when the economy grew by more than 3 percent during his presidency.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Economy Officially Joins The Global Economic Slowdown \u2013 1st Quarter GDP Comes In At 0.5% Even the government is admitting that the U.S. economy is slowing down.\u00a0 On Thursday, we learned that U.S. GDP grew at just a 0.5 percent annual rate during the first quarter of 2016.\u00a0 This was lower than analysts [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[13672,181,195,11744,5983,246,353,12335,4901,13673,8791,13674,6896],"class_list":["post-20333","post","type-post","status-publish","format-standard","hentry","category-economics","tag-1st-quarter-gdp","tag-crisis","tag-debt","tag-economic-slowdown","tag-economiccollapseblog","tag-economy","tag-gdp","tag-global-economic-slowdown","tag-michael-snyder","tag-slowdown","tag-the-u-s-economy","tag-the-u-s-economy-is-slowing-down","tag-u-s-economy"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20333"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20333\/revisions"}],"predecessor-version":[{"id":20335,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20333\/revisions\/20335"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}