Mullaney Keating & Wright

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ECONOMIC GROWTH – NEW NORMAL or BACK TO NORMAL?

In last Saturday’s Wall Street Journal a former finance and economics editor of The Economist published a very interesting piece on this topic why-the-economy-doesnt-roar-anymore-wsj.  It is well worth a read.  The author describes the post-WWII Golden Age and its undoing in historical terms.  A more quantitative treatment of the same topic has been done by one of our economic growth gurus in what-is-the-new-normal-for-u-s-growth.  The history lesson is the same in both but the second author has a dimmer outlook on the future.  The message is pretty clear.  We are back to normal…if we are lucky.

TFM