I asked this before but I don’t think I explained well what I meant. Nominal US GDP is $24 T. You want it to stay there for say 3-4 quarters. Let’s use 4 - easier math but note negative impacts less if only 9 months. If inflation immediately dropped to the 2% as stated, that would imply real growth at -2% so pretty garden variety recession. Am I missing anything? Thanks!
I asked this before but I don’t think I explained well what I meant. Nominal US GDP is $24 T. You want it to stay there for say 3-4 quarters. Let’s use 4 - easier math but note negative impacts less if only 9 months. If inflation immediately dropped to the 2% as stated, that would imply real growth at -2% so pretty garden variety recession. Am I missing anything? Thanks!
I asked this before but I don’t think I explained well what I meant. Nominal US GDP is $24 T. You want it to stay there for say 3-4 quarters. Let’s use 4 - easier math but note negative impacts less if only 9 months. If inflation immediately dropped to the 2% as stated, that would imply real growth at -2% so pretty garden variety recession. Am I missing anything? Thanks!
Jonathan, email me at jmarcus.nunes@yahoo.com and I´ll respond with a "complete" answer.