In 1999, the US economy grew by 4.8 percent, adjusted for inflation -- including 3.8% productivity growth, That's a
economy.
Last year those numbers were 2.3% and 1.7%.
https://twitter.com/morningmoneyben/status/1230872199734726658 …
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Scott you must be aware the numbers understate actual growth due to under-counting the value of thinks such as social media and other intangibles most bought on by tech. advances
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This ignores the impact of the fed and the upward trajectory in budget deficit. If that is reigned in through cutting entitlements the bottom 50% of this country, who has only gotten relatively poorer since Reagan, will continue on that path.
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It is about to crash. Printing money/debasing the money and record debt have brought down all empires.
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Higher prod would boost the noninflationary growth potential of the economy. If you want stronger wage growth, higher productivity will help.
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As long as we keep a "strong dollar" by keeping perceptions high so we can buy weapons and warriors that beat down any competitors or uncooperatives.
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Stop being reasonable.
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Inflation is coming. The stock market is awash with money.
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And needs 3 more years to soak up people "not active in the economy". Things are coming along nicely in America now.
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This is exactly correct. If the economy were growing stronger, it’d be debt financed leading to a higher probability of recession.
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