Marketwatch reports:
The U.S. economy contracted at a 3.8% seasonally adjusted annual rate in the fourth quarter, the Commerce Department estimated Friday. This is the largest contraction since the first quarter of 1982. Economists surveyed by MarketWatch were expecting a negative 5.5% growth rate in the fourth quarter.
The weakness in the fourth quarter was masked by a buildup in inventories, which adds to output even if they are unwanted. Real final sales for domestic product, which excludes inventories, decreased 5.1% in the fourth quarter. This is the biggest drop since 1980.
Breakout of the Components
Contribution of the Components
Nominal GDP Crushed (the problem here is debt is nominal)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyekexthA8RwoEnDrVDS97IQ87JuaMzAl8mf0hK5vnyaDxNtzm4GbxViHLQGP2449sSUapkzKbjaMVjVRIVW0KtwBQba4gE-a1DjopJ9y5wqYVWC6rcz8W1MT3GSrxqB_xUBrtUux_mA/s400/Nominal+GDP.png)
Source: BEA
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