The 6.5 per cent average for 2005 was considerably higher than the normal rate of 2 to 3 per cent.

We're normal, we're normal, we're normal, we're normal, we're normal.

Back in March 2009, the Nobel laureate Robert Lucas confidently predicted that the US economy would be back to normal within three years. A normal US economy has a short term nominal interest rate of 4 .

Please respect us, we're normal, we're normal, we're normal.

Despite 30 months of private sector job growth, the US still confronts a large jobs deficit. The unemployment rate remains more than two percentage points above the normal rate (when the economy is operating near capacity).

Or, you know, were they normal? I would guess they're normal.

These stars are normal like the Sun. Age, everything was normal.

So, this is normal DNA, what you think of as normal DNA.

It's normal.

You're not normal.

Oil s New Normal

Getting to Normal

Europe s Fake Normal

It's very normal.

With higher interest rates depressing housing prices, the game is over. As America moves to, say, a 4 savings rate (still small by normal standards), aggregate demand will weaken, and with it, the economy.

Moreover, the US Federal Reserve is targeting a 4 annual inflation rate. This alone means that under normal circumstances the purchasing power of China s foreign exchange reserves will automatically depreciate by 4 each year.

Central banks should influence asset prices through normal open market operations by buying and selling short term government securities for cash, thus changing the safe interest rate and the price of longer duration assets

A normal US economy has a short term nominal interest rate of 4 . Since the ten year US Treasury bond rate tends to be one percentage point above the average of expected future short term interest rates over the next decade, even the expectation of five years of deep depression and near zero short term interest rates should not push the 10 Year Treasury rate below 3 .

That's your new normal.

This is normal science.

These are normal cells.

China s Slowing New Normal

Normal tariff rate is applied to imported goods originated from countries or regions not listed in paragraphs 1, 2, and 3 of this article and to imported goods for which the place of origin is unclear.

The normal General Service vacancy rate used in the proposed programme budget for 2006 2007 (1.5 per cent) anticipated the lifting of the suspension there would therefore be no additional financial implications for that biennium either.

But we are not interested in what the multiplier is when the unemployment rate is 3 and the government is trying to diminish consumption and boost private savings via rationing and patriotism based bond drives. We are interested in what the multiplier is under more normal conditions, and when the unemployment rate is 10 .

It's a normal everyday thing.

And move your normal hand.

So here is normal speed.

But normal is merely average.

So, 125 degrees is normal.

The New Normal for Growth

Tom is a normal teenager.

Friedman s theory asserted that inflation would automatically accelerate without limit once unemployment fell below a minimum safe level, which he described as the natural unemployment rate. In Friedman s original work, the natural unemployment rate was a purely theoretical conjecture, founded on an assumption described as rational expectations, even though it ran counter to any normal definition of rational behavior.

I said, Move your normal hand.

So what about the normal worm?

This is a normal family, guys.

So, it's a normal looking syringe.

In the spinal ward, that's normal.

You're in a wheelchair. That's normal.

We were seeking normal human brains.

We are seeking normal human brains.

We forgot about improving normal lives.

He's back to his normal life.

A Window on China s New Normal

Two Cheers for the New Normal