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Monthly Archives: October 2019

U.S. Economy Tip Toeing on Edge of Recession, Retail Sales and Housing Starts Data Show!

If this is not a recession, then I don’t know what is? Can the U.S. economy get any worse than this? Week after week, we continue to get negative economic growth numbers. The GDP hasn’t moved from 2% for the past few months. I know that the classification of a recession is 2 consecutive quarters of negative GDP growth and the classification of a Depression is 8 consecutive quarters of negative GDP growth, but come on!

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US Economy Experiencing Slow Growth Confirmed by Non-farm Payroll, Manufacturing, and Retail Sales Data

The Core Retail Sales Report measures changes in the total value of sales at the retail level in the U.S., excluding automobiles. The report shows the rate of consumer spending. It functions as a pace indicator for the U.S. economy, how fast or how slow the growth of the economy is currently progressing. As we can see in the report, the previous reading was 1.0%, the forecasted reading 0.1%, and the actual reading came in at 0.0%. So, this is confirming that U.S. economic growth has slowed down dramatically or is slowly growing.

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