New Normal of 2% GDP Growth Coincides With Biggs

http://www.bloomberg.com/apps/news?pid=20601109&sid=a3i27FMViXmY&refer=home

Another great article on this idea of “new normal” and the de-leveraging of the consumer. Aside from Economic theory, this just makes logical sense. Worldwide stimuli might provide the “adrenaline shot” to lift the world economy out of recession, but can it sustain growth? That is the big question. It seems as if the more plausable scenario is, no. Where will the demand come from? Savings rates at 8%+ don’t seem crazy. That is basically reverting to pre-bull market levels.

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