When the Trump post reelection stock market rally collapsed in February, financial commentors proclaimed the end of American Exceptionalism — an end to superior U.S. equities performance that accelerated after the Global Financial Crisis.
During the Bush-Obama years, the U.S. economy grew 1.9% annually — in line with economists’ expectations for sustainable growth without excessive inflation.
In 2016, the federal budget deficit was 3.1% of GDP.
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