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Celente: US GDP growth is only a temporary uplift

Published: 30 October, 2009, 07:15
Edited: 31 October, 2009, 05:27


Director of the Trends Research Institute Gerald Celente believes the unexpected annual US GDP growth of 3.5 percent over the last three months isn't proof of a long-term recovery.

 
2 COMMENTS
john October 30, 2009, 07:07 quote
0

I absolutely agree. The US is not recovering at all. Compare now with September 2008 when this crisis started. Now everyone has even more debt than they had then. This is not recovery, debt is rising faster than the growth. This is a joke.

heavy burdens upon working Americans October 30, 2009, 22:02 quote
0

The question should not be about GDP but about how much longer the average working American is going to keep carrying all the load, while the wealthy at the top and the SOCIALLY ENHANCED {welfare collectors} at the bottom have a leisurely life. Too many Americans are just sitting in the wagon enjoying the ride, while a very few workers are struggling to keep the wagon moving. More socialism will cause the few workers that are still pulling the wagon to give up and climb into the wagon with the others. Then, eventially the wagon stops and everyone is very surprised because they thought it was a government pulled wagon, rather than a people pulled wagon. Then a pretty speech is made by the top government politician informing everyone that all has failed in spite of all the wonderful gov't laws/policies.

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