"GDP shrinks in 4th quarter; 6.2% contraction signals little relief until midyear" by Bloomberg News | February 28, 2009
WASHINGTON - The US economic contraction in the fourth quarter was deeper than the government first estimated....
You mean the GOVERNMENT LIED and UNDER-REPORTED the BAD NEWS?
I don't believe it, I just don't believe it!
Consumer spending, which slid the most in almost three decades last quarter, is unlikely to turn around as companies cut payrolls. The credit crunch shows no sign of ending, with the government yesterday forced to rescue Citigroup Inc. for a third time in five months after mounting losses at the lender.
Yeah, the "credit crisis" not over because it is being done ON PURPOSE (except for all that venture capital floating around that just disappears into non-profitable ventures).
And how about that QUIET RESCUE of CITI, huh?
Federal Reserve Bank of Boston president Eric Rosengren said steps to shore up financial markets must be "taken without delay"
Oh, I'VE HEARD the CHICKEN LITTLE STORY already, FED FUCK!!!!!!!!!!
