• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

"This" Has Never Happened Outside Of A Recession

Tyler Durden's picture




 

As the mainstream-media and its status quo "growth's around the corner" lackeys gloat hopefully over this morning's soon-to-be-revised GDP data beat, we noted a rather disturbing trend in a critical part of the report. Real Final Sales growth is collapsing. In fact, the current slow level of growth in real final sales has never occurred outside of a recession... So perhaps, as we commented (here, here, and here) things are not as 'great' as headlines would suggest.

 

 

Charts: Bloomberg

(h/t @DonDraperClone)

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