Over this period, RGDP has grown at an average annualized rate of only 0.12%.
FORBES: This Economic Recovery Is Surely Different: It's FUBAR*
However, even stranger than the performance of RGDP has been the path of nominal GDP (NGDP).
FORBES: This Economic Recovery Is Surely Different: It's FUBAR*
In 1966, real GDP (RGDP) grew by 6.52% and total produced assets increased by 22.2% of GDP.
FORBES: U.S. Unemployment: Our Long Economic Nightmare Continues
Directionally, as this spread has gotten larger, RGDP and employment growth have slowed.
FORBES: This Economic Recovery Is Surely Different: It's FUBAR*
From 1981 to 1999 (19 years), U.S. real GDP (RGDP) growth averaged 3.28%.
FORBES: Paul Ryan's 'Kamikaze' Budget Is Surgery Without the Anesthesia
In contrast during the Great Recession year of 2009, RGDP contracted by 3.07% and produced assets declined by 7.3% of GDP.
FORBES: U.S. Unemployment: Our Long Economic Nightmare Continues
If we had a balanced budget today, the right thing to do would be to implement supply-side tax cuts to increase our RGDP growth rate.
FORBES: Paul Ryan's 'Kamikaze' Budget Is Surgery Without the Anesthesia
From 2000 to 2012 (13 years), RGDP growth was only 1.80%.
FORBES: Paul Ryan's 'Kamikaze' Budget Is Surgery Without the Anesthesia
In contrast, during the first nine calendar quarters of the Reagan recovery, RGDP grew at an annualized rate of 6.33%, for a total gain of 14.81%.
FORBES: This Economic Recovery Is Surely Different: It's FUBAR*
The most violent contraction in RGDP occurred during 4Q2008, when the average spread between the 90-day T-bill rate and the IOR rate was the greatest, at -0.83 percentage points.
FORBES: This Economic Recovery Is Surely Different: It's FUBAR*
The economy appeared to weaken during the summer, but assuming that 3Q2011 comes in the same as 2Q2011, then over the nine calendar quarters of recovery, real GDP (RGDP) will have grown by a total of 5.34%, equivalent to an annualized growth rate of 2.34%.
FORBES: This Economic Recovery Is Surely Different: It's FUBAR*
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