April 2016 – Atlanta Fed: GDP growth decelerated to an anorexic .01% in first quarter…

The U.S. economy is now chugging along at one meager ‘click’ above outright stall speed.

This is bad news for American families and for Main Street America.

It is bad news for government tax revenues, Social Security payroll tax revenues, Medicare payroll tax revenues, state tax revenues.

It is bad news any way you want to look at it.

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Atlanta Fed Slashes Q1 GDP Estimate To Only 0.1%

ZeroHedge  04/08/2016 – Excerpts:                                                                               The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2016 is 0.1 percent on April 8, down from 0.4 percent on April 5. After this morning’s wholesale trade report from the U.S. Bureau of the Census, the forecast for the contribution of inventory investment to first-quarter real GDP growth fell from –0.4 percentage points to –0.7 percentage points.

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