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Friday, August 31, 2012

Everyone Is Ignoring A Sign Of US Economic Decline We Haven't Seen In 60 Years

Everyone Is Ignoring A Sign Of US Economic Decline We Haven't Seen In 60 Years
I would say that one of the things that people have generally ignored is that the U.S. capital stock is in decline. This is the first time post-war we've ever seen it. We don't know what the repercussions are because we have nothing in history to look back on and say, "Hey, last time it did this, this is what followed on it." 

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