“Peddling Fiction” – US Economy Grew A Paltry 0.69% In The Fourth Quarter, Missing Expectations

Friday, January 29, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
01/29/2016

And so the final quarter of 2015 is in the history books and we can officially accuse the US Bureau of Economic Analysis of “peddling fiction” about the US recovery, because at a growth rate of 0.69%, the annualized rate of economic growth was the lowest since the first quarter of 2015 when it grew an almost identical 0.64% which was blamed on the harsh weather. This time however, there is no easy scapegoat.

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