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Is Slow Growth Our Future?

February 20, 2013 Leave a comment Go to comments

It may be, and that may not be all that bad. There are plenty of people out there saying that our recent 2 percent growth is not enough. We need to get back to 3 or 4 percent.

We’d certainly all love an explosion of growth that takes care of the long-term unemployed problem, but that is probably not in the cards. We had explosive growth. In the bubble. However, we are still working off those excesses and the repercussions of the bubble still appear to be an anchor around the neck of the economy that will hold growth back for a long time.

But 2 percent growth is providing pretty decent conditions for good businesses. There’s enough here and it may be sustainable for a long time, which would be great.

todd@toddkmiec.com

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