The US aggregate measures since the Nixon Shock.
Note that we spend more time taking zero or tiny price hikes these days. And a rising government deficit always precedes a recession, all ex post, of course.
But the recent deficit rise is smooth, well anticipated. This looks like an economy ready to bounce along at near zero. I keep thinking, we know what's coming, a regime change; a bit of accounting between generations.
No comments:
Post a Comment