Loading ...So many people can’t see past the tips of their nose. As if a 2.1% second-quarter GDP print eliminates recession risk. Back to 1945, the median and average real growth was 2.4%, and 3.2% respectively just as the downturn was about to get going. How about that?
Not to mention another Houdini act. Strip out the effects of the savings rate drawdown and the sharpest government spending run-up since the Great Recession, and real GDP growth was FLAT in Q2!