Fall into the gap

Fall into the Gap

by digby

Brad DeLong is not a drama queen. So when he writes this, I think it's probably a good idea to pay attention:

Time to push the panic button.

Macroeconomic Advisers is revising their tracking forecast of real GDP growth in the second quarter. It now looks as though, come July 1, that there will have been no gap-closing in the six quarters since the start of 2010.

That means that it is:

I don't have an opinion on the solutions. But then none of them seem likely to happen as we go into presidential campaign. Scary.