Wednesday, December 18, 2013

"Secular Stagnation" strikes again

On 12 December 2012 I showed this graph:

Stages of the slowdown in real growth

On 15 December 2013 Larry Summers wrote Why stagnation might prove to be the new normal.

You can see the "new normal" in my graph. Twice.

(Not a recommendation to read the linked post.)

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