Posted May 29, 2014 by Martin Armstrong
The Commerce Departed originally put out 0.1% but it was revised to -1%. The economic growth has been marginal for the last year because we are seeing (1) rising taxes, and (2) rising unemployment from public sector. There has been no real expansion of the economy thanks also to FACTA that has had the impact of contracting the world economy. When we turn down next year, this is going top be harder than the last.