US GDP Much Worse
To summarize, disposable income was pumped up going into the November elections and then collapsed once the votes were counted (which should surprise exactly no-one, since that’s how the party in power always plays it). So today’s positive GDP number came from fudged inflation assumptions and consumers spending pretty much all they made. This is consistent with reports that private sector debt is rising again after a couple of years of shrinkage. It’s also consistent with the projection of slower and maybe negative growth for the rest of the year. Which, in turn, is consistent with the idea that quantitative easing can never end, because the minute it does the economy – already struggling despite $85 billion a month in new money creation – will implode.
First-Quarter GDP Much Worse Than It Looks
https://dollarcollapse.com/the-economy/first-quarter-gdp-much-worse-than-it-looks/
btw ... have no G position but it is #1 on my buy list.