Revelation 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"
A report from UCLA related economists say that the expected “great recovery” of the U.S. economy is not happening and that the economy is falling short of even normal growth.
The UCLA Anderson Forecast for the second quarter said the real gross domestic product is too small to help the nation climb out of his slump. Forecast director Edward Leamer wrote the current figure is 15.4% below what is considered a “normal” growth trend.
“To get back to that 3 percent trend, we would need 4 percent growth for 15 years, or 5 percent growth for eight years, or 6 percent growth for five years, not the disappointing twos and threes we have been racking up recently,” Leamer said. “It’s not a recovery. It’s not even normal growth. It’s bad.”
The report says the real GDP growth rate won’t hit the normal rate of 3 percent until at least 2015.
He said the unemployment rate should continue to fall to 6.6% in 2015 but not because of increasing jobs as much as discouraged workers falling out of the labor force.
