What’s wrong with 5% growth? Or more?Just to reprise my New Year’s message that a Trump economic boom could deliver 5%, 6%, or even 7% growth, there are numbers out today that are uniformly stronger than even I thought. Economists take note: Mr. Trump knows the economy better than you do. And what’s wrong with 5%, or better, growth?The Atlanta Fed GDPNow for Q4, which you recall was the shutdown quarter, was revised up to 5.4%. Meanwhile, the productivity of the economy, which is one of the most significant variables, has averaged 4.5% in the last two quarters. That’s output per hour, for the...
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