Over the past six years, the U.S. economy has not grown much.
Relatively little growth of only $3.4 trillion in aggregate gross domestic product (GDP) was created compared with $2.7 trillion in the previous six-year period, when the starting point was much lower.
What growth has occurred has been funded by a $6 trillion increase in household [...]
Filed under: Chinese, Credit Crunch, Debt Management, GDP, Middle Class | No Comments »
