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America's largest expense: Obamacare
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smn1256 Offline
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America's largest expense: Obamacare
And libs will defend this even though all that money is being devoured by the same insurance companies that Obama & Co once called evil.

Quote:If readers need clarification on what was the primary source of spending-based "growth" for the US economy in the fourth quarter, the same source that bumped up final Q3 GDP from 3.9% to 5.0%, please ping us: we will gladly explain the chart below. And just in case it is still unclear what Americans are spending their "gas sasvings" on, here it is one more time.

[Image: Q4%20spending%20GDP_0.jpg]

And just in case the fading impact of Obamacare is not already priced in, here is what Q4 inventories did: rising by $113.1 billion in Q4, this was the second highest quarterly increase in the 21st century, second only to September 2010. It's all GDP-crushing liquidations from here.

[Image: Change%20in%20Inventories_0.jpg]

So big in fact that even the most upbeat permabull has no choice but to admit the truth:

A $113B inventory build in Q42014 means we could see less production and hence #GDP in the current quarter.

http://www.zerohedge.com/news/2015-01-30...t-money-q4
01-30-2015 11:51 AM
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