[quote=briansd1]What is an economy growing on its own?
There’s always something spurring economic growth.
We want to spur growth in some way or another, otherwise the resources are sitting idle, wasting away.
Economic growth is now under 2%.[/quote]
IMHO, pumping up asset prices by expanding debt/leverage is a fool’s game. From everything I’ve seen, asset prices increases (not truly reflected in CPI numbers) and debt increases are what’s spurring GDP growth, as opposed to sustainable productivity growth and increased exports.
Today, people are still too deep in debt, wages are still stagnant or declining, and prices of basic necessities are rising faster than wages. That doesn’t equal a healthy economy in my book.
