''Gross domestic product, the broadest measure of economic output, did slow last quarter to a 3.3% annualized rate. But make no mistake, as Larry David would say, that's prettaaay, prettaaay good.

It's remarkable given economists were expecting 1.5% annualized GDP growth last quarter. It's even more remarkable considering a year ago they were all but certain there'd be a recession by now and the economy would grow at a meager 0.2% rate

Wild idea -- what if the main cause is that the US has best normalized interest rates to a functional level? I.e. malinvestment at the top is curtailed, and people can accrue savings again. Just a thought.

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