>>3
That "growth" was only made possible by unprecedented levels of debt in three sectors: corporate, personal and government. When you consider the Great Credit Crash that we must face due to all that debt that CAN'T be repaid, that 0.6% is easily wiped out.
The thing is -- and sit up straight in my fucking classroom, you hippie freak! -- that we are in an UNPRECEDENTED ERA. Even the 1920s saw people with enough self-capitalization and -feeding capacity to weather the Capital Storm that the bankers designed back then. Today, DEBT overshadows all considerations. There's just no term for it. There's just no term for it in the great equation of Recession. You may as well ask about economic figures while a civil war is going on; war is just NOT DEFINED in the calculations of periodic commerce. Being undefined, the results have to be rejected as TRASH during the time when the undefined event is affecting the results.
Now read a few more books before you prance back in here thinking you've got me sussed.
Hippie.