Quaker

Is the U.S. Heading Towards a Recession?

The whole idea that GDP will increase if global growth increases is just plain loonie. It's Global growth that's ruining GDP. America is a borrow and spend CONSUMER. We have three auto companies, all of which will be bankrupt as soon as investors stop selling them bonds. US farm labor is $12 to $18 an hour FOR ILLEGALS".
A huge percentage of GDP is the churning of deficit money.

Last year America borrowed $20 for every $2.50 in gdp growth. This is the highest debt to gdp ratio in US history, 4-5X the historic norm.

Apple just announced they sold 1 million Iphone's at about 500 a piece. That's $500 million. What percentage of that $500 million do you think American consumers actually paid for and how much was borrowed.

American GDP growth less debt incurred is minus 20% a year.