Americans will pay for ‘08 financial crisis with ‘lifetime income loss’

I think the hundreds of billions of dollars lost trading between us and China and Eorope and Japanmuch wose to long term economy!

 

The Fed is throwing darts at the dartboard again.

From the article:
"Researchers also estimate that the U.S. economy won’t recover these large output losses and it may never again revert to previous growth rates."

2018: Q2 GDP growth rate: 4.1%

Previous growth rates in the ten years before 2008 that have exceeded 4.1%:
2006: Q1
2005: Q1
2003: Q3 and Q4
2000: Q2
1999: Q3 and Q4
Seven quarters in the period 1999-2008, ten years (seven out of forty quarters), that were better than the most recent GDP numbers.

Previous growth rates in the ten years since 2008 that have exceeded 4.1%:
2009: Q4
2011: Q4
2014: Q2 and Q3
Four quarter in the period 2009-2018, 9 1/2 years (four out of thirty-eight quarters), that were better than the most recent GDP numbers.

Ya know what? I don't want the growth rates we've had in the previous 20 years. To quote the article, I hope we "never again revert to previous growth rates."