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Once Again WHITT Jan 2022 #1
We are in essentially zero danger of stagflation unblock Jan 2022 #2
Hmmm WHITT Jan 2022 #3
Yup, GDP growth in 2020 was minus 3.5% progree Jan 2022 #4
Well 2020 sucked, no doubt. But 2021 was huge. unblock Jan 2022 #5
I'm Afraid WHITT Jan 2022 #8
well that's certainly convincing and persuasive... unblock Jan 2022 #10
According To The NBER WHITT Jan 2022 #11
that's correct, except that the economy is already larger than it was before covid hit. unblock Jan 2022 #15
Non Sequitur WHITT Jan 2022 #21
The 2 years combined come to a 0.89%/year growth rate (compare to 2.46%/yr pre-pandemic) progree Jan 2022 #14
if we do a similar analysis for inflation, unblock Jan 2022 #16
Actually I was thinking of adding to my #14 that I do the same thing for inflation -- progree Jan 2022 #17
"Normal" is a different question unblock Jan 2022 #18
And I think we are mostly bouncing back from last year's plunge progree Jan 2022 #19
It's just really hard to justify near-zero rates when the economy is up around 5% for the year. unblock Jan 2022 #6
... WHITT Jan 2022 #7
current estimate is it goes to around 1.0% by the end of 2022: unblock Jan 2022 #9
Eh WHITT Jan 2022 #12
uh, no, you had it right earlier unblock Jan 2022 #13
Wrong WHITT Jan 2022 #20
... unblock Jan 2022 #22
Yep WHITT Jan 2022 #23
There was only one quarter of decline in GDP, Q2 2020, which was followed in Q3 by PLUS 33.8% progree Jan 2022 #24
I'm Afraid You're Doubly Confused WHITT Jan 2022 #26
Aww, the very selective quote technique. And no, "decline" and "slowing" are not the same progree Jan 2022 #29
The Non Sequiturs Abound WHITT Jan 2022 #33
A decline in gdp is a simple definition of a recession unblock Jan 2022 #25
No WHITT Jan 2022 #27
Ok, so the employment factors nber considers are unblock Jan 2022 #28
"without much of a change in inflation" progree Jan 2022 #30
"A slowing economy without any significant reduction in inflation is, by definition, stagflation" progree Jan 2022 #31
The Non Sequiturs Abound WHITT Jan 2022 #32
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