And when you factor in the real inflation rate of about 10 % (once you add energy and food back into the index) 2.8% abos-frickin-lutely sucks like a black hole.
You’re right. I think everyone is missing it. Take the estimated annual GDP growth rate and subtract the 10% or more inflation and you have a net minus GDP ... a DEPRESSION! Look around, the increase in retail sales is solely based upon inflation, not selling more stuff!