Thursday, June 26, 2014

More Tastes of Recession in This "Recovery"

Economy in First Quarter Was Worse Than Everybody Thought (Neil Irwin) from the New York Times
"A combination of shrinking business inventories, terrible winter weather and a surprise contraction in health care spending drove the first-quarter decline, which is the worst since the first quarter of 2009, when the economy shrank at a 5.4 percent rate."

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