Market Mover Friday: GDP contracts 1% in Q2, Consumer Spending drops 1.2%…

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Longest consecutive contraction in GDP since we began keeping records in ‘47….PIMCO calls it the new normal under which we will have only 1-2% GDP for the forseeable future. That GDP cannot sustain the deficit TOTUS is building…..Consumers are still keeping their light under a bushel….with Congress spending money like it’s going out of style [...]
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Longest consecutive contraction in GDP since we began keeping records in ‘47….PIMCO calls it the new normal under which we will have only 1-2% GDP for the forseeable future. That GDP cannot sustain the deficit TOTUS is building…..Consumers are still keeping their light under a bushel….with Congress spending money like it’s going out of style [...]
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