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Originally Posted by wdmso
I know GDP Growth is Good for the economy
1) but is it sustainable ? and down side
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Sustainable over decades? Hopefully. Sustainable quarter to quarter? No.
Obama stated 2% growth was probably the new normal and we should get used to it. He hit 3% one or two quarters IIRC. GDP growth averaged 3.6% from WW2 to the Great Recession. Some years were very high some were lean. Be nice to get back on the high 3s rather than the low 2s.
Quote:
Originally Posted by wdmso
2) how does it help people like us on this site (outside investments we may or may not have ) Seeing wages are stale interest rates are up and deficits are all time High and the threat of inflation always around the corner
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Interest rates have been artificially low for a decade - they should have gone up (hate that thought) previously. Wayne - on the outside if the economy is slow people are not working - think of 2008-2011 how bad it was.
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Originally Posted by wdmso
4) what is Tax Revenue % is in the 4.1 GDP
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A lot more than if GDP was 3, or 2
Quote:
Originally Posted by wdmso
I prefer the The Tortoise and the Hare: or something in the middle when it comes to the economy
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Quote:
Originally Posted by zimmy
Posted from my iPhone/Mobile device
I am not sure why you think you know what I want. I am hardly liberal. I am moderate.
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Then how are you and I both moderates ; ) ?