Year-over-year (that's how you measure growth) U.S. GDP is closer to 2% than 4-5%. This is the most basic information in America … and yet the Old Wall and its Media Apparatchiks obfuscate it.
Here's the data:
Click to enlarge.
So, let’s get this straight:
They’re going to lie to us about the most basic economic number? Really? Look, if your economic "sources" lie to you about this very basic fact, they'll spin just about anything. For the record, I don't associate with people who lie to me. And I certainly won’t pretend to respect them.
Don’t forget…there are a lot (and I mean a lot…) of "experts" out there who thought the US economy was growing 4-5%. And, sadly, you will hear nothing from them today. Zero accountability.
The reason why mainstream media is being de-rated is simple - you can't trust it anymore. Old Wall and its media failed you in 2000 and 2007.
This time is not different.