If you have to tell people not to panic, you’ve already lost half the battle. According to the feds, the US GDP shrank 0.1% (annualized) in Q4. These are preliminary figures, of course, and recent revisions have been mostly down. This also comes on the heels of recent news from the UK where the economy shrank, and where, according to The Telegraph, the economy is headed for a “triple dip.” Most alarmingly, all of this contraction comes as central banks continue to print money like there’s no tomorrow, underlying the true weakness in the economy. The soothsayers will tell us … Continue reading GDP Shrinks. WSJ Says ‘No Reason to Panic.’