If labor and indeed
government must demand some recompense for the four decade's long downward tilting teeter -
totter of wealth creation, and if GDP growth itself is slowing significantly due to deleveraging in a New Normal economy, then how can stocks appreciate at 6.6 % real?
Climate change has become our raison d'etre; it is our
government and our foreign policy, and, with our manufacturing base and small enterprises succumbing to hard times and regulatory overload, it might even have to
totter along for a while as a poor excuse for an actual economy.