The US economy officially grew by only 1% in Q2 according to the Department of Labor's Bureau of Economic Analysis. When adjusted for inflation using the CPI deflator it shrank by -3.4%. Using even less restrictive adjustments as suggested at Shawdowstats.com (pre-1982 method) it shrank a creepy -8.6%. Wow! If this is not a second Great Depression, US Person does not want to be around when it finally gets here.