Weaker-than-Expected First-Quarter GDP Real Growth of 0.69%
Was Suggestive of Stalling Economic Activity

Headline Growth Likely Faces Downside Revisions in the Next Two Months

Final Sales (GDP Net of Inventory Change) Rose to 1.62% from 1.07%

Better-Quality Series Show Continuing, Protracted Economic Collapse, with
No Recovery of Pre-Recession Highs and No Economic Expansion

First-Quarter 2017 Velocity of Money
Rose Minimally for M3, Declined for M1 and M2

Renewed Stresses on Consumer Liquidity