Thanks so much Carl for using my “slogflation” term. Slow growth, slow inflation: slogflation.
When do I get my Nobel prize in economics? LOL
Seriously though; the economy continues to do what I have been saying for years. We have had close to a decade of slow, 2% growth.
My projection has been for continued, slow, 2% growth until 2020. This will then slow to 1-2% growth for a few more years, followed by 1% average growth heading to 2030.
After that, growth will essentially zero out for the foreseeable future.
Of course, there will be some variability in each quarter’s Numbers, and my projections are merely averages.
I won’t go into the details for my forecast here as I have given them before.