Alternative Visions- US 3 Wars Updates & 1st Quarter 2024 US GDP Numbers Downgrade

Alternative Visions

A number of critical events occurred in the US proxy war in Ukraine during the past week: Wall St. Journal describes US/EU plan to release $260B of Russian frozen assets in EU banks to fund Ukraine in 2025; NATO and US approve Ukraine use of long range missiles to strike within Russia, signaling a strategic escalation of the war. Ukraine strikes Russian intercontinental ballistic missile warning system deep inside Russia. One step closer to US-Russia nuclear exchange. Putin-Lavrov publicly say Russia already at war with NATO. Latest on Israel attack of Rafah city; US and UK renew bombing of Yemen; US CIA & NGOs maneuvering in the Caucasus region’s 3 countries. Putin visits central asia countries & signs deal for Afghanistan to provide contract troops for Ukraine war. Second half of the show addresses just released revised US GDP for 1st Quarter showing even slower growth at only 1.3% annual GDP growth. Consumer spending on goods, residential housing, and imports all adding to the slowdown while bus. Investment in factories and AI keeps GDP from slowing even further. Why IP category added to GDP in 2013 keeps the economy registering recession on paper GDP even if not in actual terms. Is the US economy on the way to a second post-Covid (2020-21) contraction (first double dip was in 2022)?