If you thought 2% growth during this “economic recovery” was bad, I have even more discouraging news for you. On a per person basis, economic growth has been even worse than 2%. Since the recovery began, growth in GDP per capita has averaged only 1.35%. That is an embarrassingly low number coming off of the deepest recession since the great depression. At some point, don’t we have to stop blaming the great recession for the slow recovery and instead examine the economic policies that might be holding back growth?
Jeremy Jones, CFA
Latest posts by Jeremy Jones, CFA (see all)
- Yellen Still Can’t Understand What the BIS has Known for Years About Inflation - September 22, 2017
- Is This the Beginning of the End for Fossil Fuel Energy? - September 22, 2017
- Is Intense Investor Optimism a Sign of the End? - September 20, 2017