Dear Diary, We write with a Zombie Update. As you know, annual GDP growth rates in the US have been trending lower since the end of World War II. Frequently touching on 10% in the 1950s and 1960s… we’re now lucky to get 2%. And to get that we have to pump in trillions of dollars in new liquidity into the financial system… take on staggering amounts of new debt… and bludgeon the statistics, too. After the disastrous first quarter, which saw an annualized drop in output of 2.9%, it will be hard to get back to decent figures for this year.