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""Someday, when the debt is repaid and housing is normal and Europe has settled down, most business people seem to expect a recovery back to America’s old 3.4% a year growth trend, or at least something close," he wrote. "They should not hold their breath.
"A declining growth trend is inevitable and permanent and is caused by some pretty basic forces."
Those basic forces include unfavorable demographic trends, decelerating productivity growth, tightening resource constraints, and rising environmental costs."
And again, not that he has the solution, but Obama has nothing to do with these trends.
I agree with this Titus....it's just common sense.
So, I wonder how long it take Wall Street investors to accept it as fact?
I saw an article yesterday on either CNN Money or Yahoo Finance about Wall Street is concerned because profit/earnings are being squeezed. Kinda falls in line with your point.
And what do corp giants do when profit is being squeezed? They lay people off or try to buy other companies. The problem is, corp's are as lean as they can be and they're aren't many companies left to buy.
Last edited by PatriotsReign; 11-27-2012 at 07:52 AM..
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