Friday, August 21, 2015

The Sign Everyone Is Waiting For

The Obama expansion has been longer than average, but it’s also been weaker than average.

Pepper and Salt 'Bluebird of 4 Percent Growth'

For most Americans, their last memory of an economy that really made everyone feel good was during Clinton’s second term. During those 16 quarters, the growth rate exceeded 1% (which annualizes out to about 4%) 7 out of 16 times, and the average over those 4 years was just a tad over 4% per year.

From the June 24 issue of The Wall Street Journal.

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