"Slowdown Looming but No Double Dip"
What?
If I accelerate to 70 and then stop accelerating would anybody call that a slowdown?
Economic metaphors confuse and conceal reality.
Do economies really expand and contract?
Do they grow? Does growth speed up and slow down?
Do economies slow down?
CESSATION OF ACCELERATION IS NOT SLOWING DOWN
But in the news, if GDP growth slows, that is called a slowdown. It is a slowdown of growth, but not of "the economy."
Nobody would say that cruising at 70 MPH is slowing down.
Why do we always need to accelerate?
What is wrong with cruising along.
Why can't we be contented with a cruising economy?
To call gradual deceleration a slowdown is WEIRDTHINK!
Perpetual growth is impossible. If the economy were to grow at %5 perpetually, then it would double about every 15 years.
At that rate it would be one million times bigger in 300 years.
One million times bigger?
I don't think so.
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