Former WSJ Fedwatcher Greg Ip published his latest look at the US economy for this week’s Economist. He’s in the camp that the economy isn’t slowing but it’s not humming either:
The odds are, then, that the economy is not really stalling now, which may explain why the stockmarket has for the most part shrugged off the bad news. But the economy has not shrugged off the effect of austerity. Instead, it still plods along with growth of about 2%.
Even if you disagree, he frames the debate well.
