Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

GDP Is Negative For Q1 Of 2014

The big news this week was the plunge in the GDP. The official government numbers put GDP at a stagnant 0.1% growth. This is a steep decline from 2.4% growth last quarter. What makes this even bleaker is that the government falsely raises the growth by artificially lowering the inflation numbers. True inflation is 1.5-2% higher because the government no longer reports numbers that allow for a constant standard of living. This web page explains. Thus a 0.1% growth report from the government means a decline in true GDP.

If next quarter is like this, we can officially call us back in recession.