Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

U.S. economy may have its best chance in years to break from era of subpar growth

'As increasingly widespread covid-19 vaccinations signal a possible return to normal life, the United States is moving toward an unusual experiment that could produce an economy many Americans will not recognize — for better or for worse.

Factories are humming and consumers are spending again, signs that the United States could emerge from the current health crisis with its strongest growth in decades. Goldman Sachs expects the economy to expand this year at an annual rate of 7 percent, the fastest pace since President Ronald Reagan proclaimed “morning again in America” in 1984.

The question is whether that fast-paced rebound can be made to last, freeing the nation from the low-growth rut it has plowed for most of the past 20 years, or will instead ignite the sort of inflation that has not been seen since the 1970s. Prominent economists such as former Treasury Secretary Larry Summers already are warning that potential overheating could end in a new recession."

WaPo Article by David Lynch


Sign In or Register to comment.