U.S. real GDP annual growth since the recession ended in 2009:
2010: 2.5%
2011: 1.6%
2012: 2.2%
2013: 1.7%
2014: 2.6%
2015: 2.9%
2016: 1.5%
2017: 2.3%
Average: 2.16%
Can someone show me the "Trump Boom" please? Looks like more of the same. The bond market indicated the Fed might be more aggressive, possibly raising rates as many as four times this year. Yields on the 10-year Treasury spiked to as high as 2.95% a four year high.The Fed isn’t raising rates because the economy is strong or they’re trying to get out ahead of inflation. GDP growth for all of 2017 was just 2.3%, only slightly better than the 2.13% cumulative growth since 2009. And worse than the 2.9% growth rate in 2015 and the 2.6% rate in 2014. The real reason the Fed is raising rates is because it’s desperate to get interest rates up to around 3–3.5%. That will allow it to prepare for the next recession. The last recession ended in June 2009. It’s almost nine years since the last recession. This has been one of the longest economic expansions in U.S. history. It’s also been a very weak expansion. Growth is running about 2.1% versus 3–3.5% historically. That means we’re going to have a recession sooner than later. I’m not saying we are, but we could be in one already. We usually don’t know we’re in a recession until about six months into it.