Thursday, September 29, 2016

Cheering 1.4 Percent Growth

It's really hard to believe.  A country that saw at least two elections won by candidates decrying the pitiful level of 4 percent economic growth (Kennedy and Clinton) now cheers a paltry 1.4 percent growth for the second quarter 2016 (up from 1.1 percent estimated earlier this year).

That's what we've become -- a stagnant, growth-less economy.  No wonder all manner of social ills are coming to the surface in an economy where the pie no longer grows.  That shifts the attention to dividing up that stagnant pie.  This puts us back in the middle ages.

Modern economies are no longer modern when they cease to grow.  The US, Europe and Japan are no longer growing.

No comments: