American real economic growth rates in the 21st century are a catastrophe, down 44% from their 20th century levels 1929-1999

GDPCA, compound annual growth rates

1929-1999: 3.534% (almost 79% better than 1999-2021)

1999-2021: 1.979% (-44.001% from 1929-1999) 

1977-1999: 3.263% (65% better than 1999-2021)

 

 

It's like someone flipped a switch and went away.

Obviously what's needed to cure the 13-year long US economic depression is a war

 

Clueless AP article calls US economy resilient when it's been in the rut they fear is coming since 2007

The compound annual growth rate of real GDP since 2007 has been WORSE than for the same time frame of the Great Depression, yet AP is completely oblivious. The upside is when things really go to hell they'll still be.

As global economic picture dims, solutions seem out of reach:

Barely a year after most of the world’s major countries were enjoying an unusual moment of shared prosperity, the global economy may be at risk of returning to the rut it tumbled into after the financial crisis of 2007-2009. ...

The U.S. economy, now enjoying a record-breaking 10-year expansion, still shows resilience. American consumers, whose spending accounts for 70% of U.S. economic activity, have driven the growth.

Retail sales have risen sharply so far this year, with people shopping online and spending more at restaurants. Their savings rates are also the highest since 2012, which suggests that consumers aren’t necessarily stretching themselves too thin, according to the Commerce Department.

LOL: Anatole Kaletsky says there's been no sign of mean reversion in the post-war when US GDP 2007-2018 has underperformed 1929-1940

Expansions Don’t Die of Old Age:

History shows that US expansions since the end of World War II have varied in length from 12 months to 120 months, with no sign of mean reversion.

Welcome to the mean reversion, Anatole:

Growth of GDP in the last eleven years is now officially worse than in the Great Depression