Quote:
Originally Posted by Dusty
One more quarter with negative GDP and we quit sliding and just drop off.
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It's interesting how that negative quarter has scared some folks.
I know folks who are paying attention aren't too surprised, but the kind of folks who are relatively intellgent but disinterested are starting to sit up and notice.
To me that negative quarter coming off the back of some reduced government spending with the pending sequestration is just another data point of the damned if you do and damned if you don't position of the US economy.
It could have been fixed sooner and easier, but the can kept being kicked down the road.
It reminds me of a room full of partygoers.
If they let the party stop at midnight the next day's hangover would suck but be manageable and over before you know it.
It's now 6am, and we're running out of booze and room on the bar tab......it's going to be a rather nasty hangover.
