That’s nominal GDP, real GDP only increased about 2%. Inflation is starting to get under control but the ~3% average this year is still over the Fed’s target. W

That’s nominal GDP, real GDP only increased about 2%. Inflation is starting to get under control but the ~3% average this year is still over the Fed’s target. We’re no longer in dire straits but “As good as it has ever been” is definitely a stretch. The dangerous part will be the effects of coming back from a zero interest regime. Foreclosure rates for example started rising last year for the first time since the GFC and in 2023 they increased roughly 18% YoY