Why are we Stuck with Under 2% growth?


world-economic-growthQUESTION: Mr. Armstrong; I have a very basic question. With all the trillions of dollars of stimulus in Europe, USA, and Japan, we are in the age of deflation as you have pointed out. The Federal Reserve itself predicts less than 2% economic growth so that is probably optimistic yet the best in the western world. This all seems to defy logic and you explained it is confidence and not the empirical level of money. The various explanations running around focus the cause on being the 2008 crisis as the main culprit. That appears to be bit shallow. Could you put your two cents into this nonsense?

I respect the fact that whilst you were one of the billionaire hedge fund managers and even won hedge fund manager of the year and are clearly not with the bankers. Your public track…

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