Cigarbutt Posted November 16, 2023 Posted November 16, 2023 ^Adapting quicker?, AI certainly deflationary?, inevitable but will it rhyme? 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)?
Spooky Posted November 16, 2023 Posted November 16, 2023 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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