It’s the smallest of contractions, but it’s still not good:
The United States economy unexpectedly reversed course in the final quarter of 2012 and contracted at a 0.1 percent rate, the Commerce Department said Wednesday, its worst performance since the aftermath of the financial crisis in 2009.
Economists were predicting a 1.1% increase.
Time for more austerity, right? When I tighten my belt, the gubmint should tighten its too.