[hackatroll]

The article says the U.S. is about 10% below a trend estimated through 2007. 2007 was the peek of the bubble. Why are they using 2007 as a target? The credit market was different back than. How much of that 10% output was fueled by easy credit? It might be better to use a few years before 2007 as a target. I would like to know where we are if you look at it before the Mania Phase of the bubble.