US Economy Slows In Second Quarter

Rev 6:5,6 NCV Quando l'Agnello aprì il terzo sigillo, Udii il terzo essere vivente che diceva, "Venite!" Ho guardato, ed ecco un cavallo nero;, e il suo cavaliere tiene una bilancia in mano. Poi ho sentito qualcosa che suonava come una voce proveniente dal centro delle quattro creature viventi. La voce disse:, "Una misura di grano per un giorno di paga, e tre misure d'orzo per un giorno di paga, e non danneggiare l'olio e il vino!"

“We are in love with money, and we worship at the altar of materialism.”

-Jim Bakker in "Prosperità e l'Apocalisse Coming"

A drop in consumer spending resulted in the US economy growth slowing to an annual rate of 1.5% according to the Commerce Department. That’s down almost a full percentage point from the first quarter of the year.

The Commerce Department also put some of the blame on an increase in imports during the same time period.

“As campaigning [for President] gets serious, the economy is losing momentum not gaining,” Mark Gregory of the BBC reported. “That’s bad news for President Obama’s chances of hanging onto his job in November.”

Il mese scorso, the US Federal Reserve cut its forecast for economic growth by half a percent.

Analysts tried to put as positive a spin on the news as possible.

"[The number] is a bit better than expected,” Peter Cardillo of Rockwell Global Capital said, “but still the consumption is weak.”