Punk Q1 GDP Wasn’t Surprising—It Extends A 60-Year Trend Of Exploding Money And Imploding Growth

During the heyday of post-war prosperity between 1953 and 1971, real final sales—–a better measure of economic growth than GDP because it filters out inventory fluctuations—-grew at a 3.6%  annual rate. That is exactly double the 1.8% CAGR recorded for 2000-2014. And after this morning’s punk GDP report in which growth stayed above the flat-line by a hair only […]
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