The economy is acting weirdly right now, here are some reasons why:
Low interest rates aren't driving spending
Interest rates have remained low, but borrowing and spending haven't picked up as they should.
Individual debt is at an all-time high
Household debt has a powerful distorting effect on consumer spending and demand, and it's at an all-time high.
Vast inequality distorts most other activity
Income inequality in the U.S. is the highest it's been since the Great Depression, and that disparity keeps growing with every year.
Companies are hoarding spendable capital
One of the great challenges of modern economic policy is figuring out how to encourage greater corporate spending.
The economy isn't growing
Some suggest that permanent, structural forces are pushing down the economy.