No matter how you measure it, GDP growth appears to have slowed. Some economists are blaming it on the recent slowdown in the housing market—but that situation seems to be stabilizing, which would help turn this into a bump in the road instead of a trend.
In any case, the latest results will probably cause the debt ratio at right to start ticking upwards again; that’s why I took it out to the 8th decimal place, so we could see which way it’s going. I’ll wait for the end-of-month debt numbers at the Treasury’s website before recalibrating it; should be a few days.
Wouldn’t it be nice to hear more talk from the political candidates about how they propose to help the economy grow faster? Yeah, I know: Dream on, Steve.
