I need someone to ‘spain this one to me.
WASHINGTON (Reuters) – The U.S. economy slowed more sharply in the second quarter than first thought as oil prices rose and the trade gap swelled, the government said on Friday in a report that confirmed momentum faltered in the spring.
U.S. gross domestic product — which measures total output within the nation’s borders — expanded at a 2.8 percent annual rate…
So the American economy is both shrinking and expanding. They must be letting John Edwards write the headlines again.