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U.S. Real GDP Growth Rate: 2.4%/Year–Still Gap-Widening vis-a-vis pre-2008 Potential

The current bet is that, come March 31 2014, before quarter US real GDP growth rate between the first quarter of 2013 of the first-quarter 2014 Will be 2.4%–the same as it has been since late 2009, and still slower than our pre-2008 estimates of potential output growth.

There is still gap-widening vis-a-vis potential as we understood it back in 2007…

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U.S. Real GDP Growth Rate: 2.4%/Year–Still Gap-Widening vis-a-vis pre-2008 Potential

January 17, 2014

January 17, 2014

U.S. economic mobility trends and outcomes

U.S. income and wealth inequality are no longer increasing, but a return to the equitable levels of the mid-20th century isn’t likely anytime soon