by Frank Shostak
US real Gross Domestic Product (GDP) rose at a 0.5% annualized in Q1 after a 1.4% increase in Q4. This was below the 0.7% median projection in a Bloomberg survey.
Non-residential fixed investment fell 5.9% annualized, the biggest decline since the Q2 2009.
The yearly growth rate of GDP eased to 1.9% in Q1 from 2% in the previous quarter.
A declining trend in the momentum growth of AMS (our monetary measure for the US) since October 2011 continues to undermine various bubble activities and hence the growth rate of GDP.