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Posted

^Adapting quicker?, AI certainly deflationary?, inevitable but will it rhyme?

productivityhistorical.thumb.png.4966be770a903f2a03c076c1128f58e5.png

In the 1920s, productivity growth was for real, similar to what happened after the dot-com bu**le but the secular trend in the last 50 years is...

i believe productivity growth will make a comeback but it may take a while? and a bit of creative destruction (or destructive creation)?

Posted

One of the problems with the prior near zero interest rate regime is that it prevented creative destruction. Hopefully we keep a more normalized interest rate regime that wipes out some of the zombie companies.

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