Both Before and After Inflation Adjustment,
2016 Annual GDP Growth Was Weakest Since the Economic Collapse

Softer-than-Expected Headline 4q2016 GDP Real Growth of 1.88%, Suggested
Greater Weakness and Downside Revisions in February and March Reporting

Final Sales (GDP Net of Inventory Change) Slowed to 0.88% from 3.02%

Better-Quality Indicators of Broad Business Activity Still Show the
Economy Never Recovered from Its Collapse into 2009 and Is Turning Down Anew

Fourth-Quarter Velocity of Money Rose for M3, Declined for M1 and M2

Real New Orders for Durable Goods (Total and Ex-Commercial Aircraft)
Declined in December, but Rose Quarter-to-Quarter,
Still in Low-Level, Stagnating Non-Recovery

December New- and Existing-Home Sales Contracted Month-to-Month,
Smoothed Activity Continued in Broad, Non-Recovering Stagnation

Proportion of Existing Sales in Distress Increased for the Third Month