Not 1 or 2. We are back in the Obama economy: Very low to non-existent GDP growth and low unemployment caused in large part by so many people not participating in the labor market. Only this time we have rampant inflation. And for many what wage growth there is doesn’t come close to keeping up. Don’t know if that answers your question.

2 ...

Report Post

Posted by Big Scrub TX

Member since Dec 2013

33755 posts

Posted on 5/26/23 at 12:47 pm to SloaneRanger

quote:
Very low to non-existent GDP growth

The most recent print was like 1 - 1.5% REAL. With inflation as high as it's been, I think that was pretty impressive.

The fantasy of the US having sustained 3%+ REAL GDP growth is just that - a fantasy. We no longer have the population growth the fueled those decades in the mid-century. Also, if you run the long-term numbers, it leads to unrealistic results - like everyone basically being independently wealthy by 2100. Just not going to happen.

1 ...

Report Post

Posted by meansonny

ATL

Member since Sep 2012

25999 posts

Posted on 5/26/23 at 1:27 pm to SloaneRanger

quote:
Not 1 or 2. We are back in the Obama economy: Very low to non-existent GDP growth and low unemployment caused in large part by so many people not participating in the labor market. Only this time we have rampant inflation. And for many what wage growth there is doesn’t come close to keeping up. Don’t know if that answers your question.

Good post.
I expect unemployment to worsen. But worsening over great numbers is not doom and gloom.
Maybe it will stabilize wage growth which will continue to push up inflation over the next several years in my opinion.

There are worse things in the world than the world's slowest and longest bull runs.
I'm libertarian/conservative, but I don't wish any ill will economically for political gain. "At any cost" is sickening and both sides do it.

0 ...

Report Post

Money Talk - Replies to Post

Return To Board

Page 1

Return To Board