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20% growth would mean the wealth in the area would double every 3.46 years. This morning, it was announced that the US GDP grew at an annual rate of 2.9% last
by mintyfresh 10y ago
20% growth would mean the wealth in the area would double every 3.46 years.
This morning, it was announced that the US GDP grew at an annual rate of 2.9% last quarter, accompanied by the WSJ headline "US Economy Roars Back" [1].
20% growth is nowhere near "reasonable".
[1] http://www.wsj.com/articles/u-s-economy-grew-2-9-in-third-quarter-1477657992 http://www.wsj.com/articles/u-s-economy-grew-2-9-in-third-qu...