US economy shrinks 0.7% in first quarter; harsh winter partly to blame

Monday, June 1st 2015 - 06:50 UTC

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The US economy shrank 0.7% in the first three months of 2015, compared to the same period last year. The Bureau of Economic Analysis significantly revised down its earlier economic growth estimate of 0.2%. Read full article

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Brasileiro
If the United States does not rise interest rates, banks will begin to file for bankruptcy. If US interest rates rise, the economy will go into depression and will be drowned by the weight of the dollar itself than will return to home.
Jun 02nd, 2015 - 11:59 am - Link - Report abuse 0
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The_troLLimpic_games
@1

That is what I warned Yankeeboy about months and months ago.

If they don't raise interest rates, the new real estate bubble underway will continue to inflate, and eventually cause yet another US crash, and they are also accelerating the death of the Dollar since who wants to have cash in a currency backed by paper and debt. But if they raise rates, they kill the only motor of the US economy, remember, they don't produce anything anymore, the oil boom is over, and consumers have no more money or credit, since their cards are maxed out and salaries in the US have not gone up in 40 years. Raising rates kills the only engine of growth and sends the USA into a recession.
Jun 03rd, 2015 - 12:15 am - Link - Report abuse 0
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