More bad news on the economic front as the U.S. economy shrunk at a 1.4% annualized rate during the first three months of 2022. The report from the Commerce Department Bureau of Economic Analysis pointed to a spike in imports along with a decline in exports as a couple of primary causes of the downturn. As inflation continues at a 40-year high, supply chain issues and ongoing labor shortages continue to cause much consternation in business circles. The first quarter GDP stands in stark contrast to the 4.7 percent growth recorded last year while the US was adding a record 6.4 million jobs to the payroll.