2011 gdp: 1.7%

[vox]

http://www.businessinsider.com/2011-gdp-2012-1

2011 GDP: 1.7%

That's the final, pathetic growth number for 2011.
From the just-released GDP report:
Real GDP increased 1.7 percent in 2011 (that is, from the 2010 annual level to the 2011 annual level), compared with an increase of 3.0 percent in 2010.
The increase in real GDP in 2011 primarily reflected positive contributions from personal consumption expenditures (PCE), exports, and nonresidential fixed investment that were partly offset by negative contributions from state and local government spending, private inventory investment, and federal government spending. Imports, which are a subtraction in the calculation of GDP, increased.
Not exactly a barnburner.


Read more: http://www.businessinsider.com/2011-gdp-2012-1#ixzz1kfo4gpTD

 

[pmbug]

SGS alternate shows negative:

The SGS-Alternate GDP reflects the inflation-adjusted, or real, year-to-year GDP change, adjusted for distortions in government inflation usage and methodological changes that have resulted in a built-in upside bias to official reporting.
...

http://www.shadowstats.com/alternate_data/gross-domestic-product-charts

 

[ancona]

And it will all be revised down next quarter..........I'm just saying.....

 

[rblong2us]

How many trillions dit it take to create the appearance of a recovery from -5 to +3% ?

It annoys me immensly that we even talk in terms of recovery and double dip.

The system broke in 08 and everything they have done since, is an attempt to cover this up.
It remains broken and artificially goosing the economy with money printing is just the final giant wealth transfer of a dying ponzi ...

The only real question is how much longer they can maintain the illusion and how to protect ourselves from the inevitable collapse.

The best we can hope for is a managed decline and in fairness, that seems to be what is happening so far.

 

[ancona]

We never left the crash, they just threw the banks a couple or three trillion dollars to park at the treasury and earn interest exceeding that which they pay for the loans. Meanwhile......back on earth, we peons get to pay the interest and shut the fuck up.

Can you even begin to imagine the carnage if all htat fiat hits the streets? I am wondering which bubble they are going to blow next, and how long before it pops.

I think Europe is going down in flames......and that right soon. Wait for it man, 'cause it's a 'comin.