The chart shows the average real GDP growth per capita over the previous decade.
Please forgive me for not jumping up and down in delight at today's "new normal" real GDP per capita growth. The annualized real GDP growth came in at 1.5% in Q2. Once you adjust for population growth, there's not a whole lot left.
What does this mean?
1. Our standard of living has been stagnating for more than a decade.
2. Old Normal -> Normal -> New Normal -> New New Normal?
The anticipation of the next normal probably helps explain why the 30-year TIPS yields just 0.41%. 30 years is a long time. Things happen.
I am not a financial advisor. I am not offering investment advice. Although I have attempted to provide accurate information, that's all it is, an attempt. Please do not trust the opinions, numbers, and/or charts of a random anonymous blogger on the Internet. Make your own opinions. Make your own charts. Do your own due diligence. Thank you.