Sluggish Economy
Categories: Econ
It's not growing. GDP is up just half a percent YOY (year over year). It's trying to get out of bed and get back to the normal 2.7%-ish growth rates it's averaged the last 30 years. But it's not happening. It's just another manic Monday.
The economy wants to get out of bed, but yeah...it's hitting that snooze button. Sluggish. Like a...slug.
Wanna inject some life into it? The triple espresso equivalent: drop interest rates 100 basis points, wait 20 minutes, and see what happens.
