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Shock cuts to Q1 growth pace show faltering economy

“These GDP (numbers) make no sense. We can count jobs, and job growth is not at all consistent with measured GDP growth.” – Mark Zandy, Moody’s

Well, the jobs are service jobs that are being added, such as retail and fast food.  The U.S. is not producing and exporting because our goods are too expensive for weaker currencies.  So, it makes perfect sense.

Shock cuts to Q1 growth pace show faltering economy

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