Almost four years after the Great Recession officially ended in June 2009, the U.S. economy remains mired in sluggish growth with high unemployment and stagnant wages.
First quarter GDP came in at 2.5%--well below expectations for 3.2% growth but much better than the 0.4% reported for the fourth quarter.
Gary Shilling, the founder and president of A. Gary Shilling & Co., tells The Daily Ticker, "the economy is showing slower and slower growth."
"If you take out inventory changes, which are very volatile economic growth has slowed from about 3% early last year to about 1.5%, and that will probably continue," he says.
Paying bills is like getting teeth pulled: You don't want to do it, but sometimes you have to in order to suffer less later. The truth is, you should pay all of your bills on time - but here's what happens when you don't.
