{"id":8622,"date":"2015-05-30T06:31:02","date_gmt":"2015-05-30T11:31:02","guid":{"rendered":"http:\/\/olduvai.ca\/?p=8622"},"modified":"2015-05-30T07:35:23","modified_gmt":"2015-05-30T12:35:23","slug":"a-recession-within-a-recession","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=8622","title":{"rendered":"A Recession Within A Recession"},"content":{"rendered":"<h3><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/a-recession-within-a-recession\" target=\"_blank\">A Recession Within A Recession<\/a><\/h3>\n<p><a href=\"http:\/\/www.prophecyclubresources.com\/MICHAEL-SNYDER-GIFT-OFFER\/productinfo\/MS-BUNDLE\/\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-8783\" src=\"http:\/\/theeconomiccollapseblog.com\/wp-content\/uploads\/2015\/05\/Recession-Public-Domain-460x325.jpg\" alt=\"Recession - Public Domain\" width=\"460\" height=\"325\" \/><\/a>On Friday, the federal government announced that the U.S. economy contracted at a 0.7 percent annual rate during the first quarter of 2015.\u00a0 This unexpected shrinking of the economy is being primarily blamed on \u201charsh\u201d weather during the first three months of this year and on the strengthening of the U.S. dollar.\u00a0 Most economists are confident that U.S. GDP will rebound back into positive territory when the numbers for the second quarter come out, but if that does not happen we will officially meet the government\u2019s criteria for being in another \u201crecession\u201d.\u00a0 To make sure that the numbers for Q2 will look \u201cacceptable\u201d, the Bureau of Economic Analysis\u00a0<a title=\"is about to change the way that it calculates GDP\" href=\"http:\/\/www.bloomberg.com\/news\/articles\/2015-05-22\/gdp-changes-coming-in-july-as-u-s-addresses-weak-first-quarters\" target=\"_blank\">is about to change the way that it calculates GDP<\/a>\u00a0again.\u00a0 They are just going to keep \u201cseasonally adjusting\u201d the numbers until they get what they want.\u00a0 At this point, the government numbers are so full of \u201cassumptions\u201d and \u201cestimates\u201d that they don\u2019t really bear much resemblance to reality anyway.\u00a0 In fact,\u00a0<a title=\"John Williams of shadowstats.com\" href=\"http:\/\/www.shadowstats.com\/alternate_data\/gross-domestic-product-charts\" target=\"_blank\">John Williams of shadowstats.com<\/a>\u00a0has calculated that if the government was actually using honest numbers that they would show that we have continually been in a recession since 2005.\u00a0 That is why I am referring to this as a \u201crecession within a recession\u201d.\u00a0 Most people can look around and see that economic conditions for most Americans are not good, and now they are about to get even worse.<\/p>\n<p><span class=\"Apple-style-span\">For quite a while I have been warning\u00a0<a title=\"that another economic downturn was coming\" href=\"http:\/\/theeconomiccollapseblog.com\/archives\/16-signs-that-the-economy-has-stalled-out-and-the-next-economic-downturn-is-here\">that another economic downturn was coming<\/a>.\u00a0 Well, now we have official confirmation from the Obama administration that it is happening.\u00a0 The following is an excerpt from the statement that the Bureau of Economic Analysis released\u00a0<a title=\"on Friday\" href=\"http:\/\/www.bea.gov\/newsreleases\/national\/gdp\/gdpnewsrelease.htm\" target=\"_blank\">on Friday<\/a>\u2026<\/span><\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Recession Within A Recession On Friday, the federal government announced that the U.S. economy contracted at a 0.7 percent annual rate during the first quarter of 2015.\u00a0 This unexpected shrinking of the economy is being primarily blamed on \u201charsh\u201d weather during the first three months of this year and on the strengthening of the [&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":[2213,2214,236,1752,459,4901,1264,5845,1010,1056,2084,827,834,839,841,2212],"class_list":["post-8622","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bea","tag-bureau-of-economic-analysis","tag-economic-collapse","tag-economic-contraction","tag-john-williams","tag-michael-snyder","tag-recession","tag-seasonal-adjustment","tag-shadowstats","tag-statistical-manipulation","tag-statistics","tag-united-states","tag-us","tag-us-dollar","tag-us-economy","tag-us-gdp"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/8622","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=8622"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/8622\/revisions"}],"predecessor-version":[{"id":8624,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/8622\/revisions\/8624"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}