bubba99, yes I think real GDP growth has been overstated for several years. Yes, things are and have been much slower than they appear via the “headline” numbers. I’m a doom-and-gloomer but not an UBER doom-and-gloomer. We’ll have a “real” recession and muddle through for several years. It’s not the end of the world. In fact, we need a good muddle-through period to remind people that there are actually risks out there. In the long term the next few years of difficulties will be good for the economy.
