Ahhaha has argued here that the rate of increase in productivity is practically a constant.
Not really. I've stated that it never occurs as a topic of relevance in econ discussions, say, at the graduate level, at any university. It's some nominal given that's always there. Also, it's considered to be unbounded above, a cornucopia to be plundered and destroyed by the Demolitionists seeking Fairness. (I capitalized "fairness" because it's America's God.)
So what did the high school students advise FED about the EU?
They said that in order to address the problems occurring primarily in the southern basket cases an emphasis should be placed on youth employment and education. Don't expect capitalism from polished drones.Don't expect insight about the true imploding disaster, France. Only expect what can be found at the end of a link.
They said the US was the strongest economy. What clueless, cemented, overly influenced, dullards. When i was in high school we studied the causes for the decline and fall of the Roman Empire, and the oppression of immigrants by greedy robber barons. Those were worthy topics, worthy of derision.
Fortunately for them they'll get cloistered in the university where they'll be protected from any kind of truth.
In my book of the dead education has low priority. Ask yourself. How did the US rise to greatness? Via higher education? No. By the time academics got a hold of the system all the rugged individual creativity had been chased away by well meaning 'crats. Ever since the nation has been downward bound taken there by the best and brightest in the fulfillment of their need to do good and to achieve their goal of Fairness for all.
"In Fairness, we trust" --- motto of the transformed nation, USSA..
Eli Broad was on CNBC. Followed Frank Baxter of Jefferies at the Milken LA conference. Two lions of clunkdom.
Eli said the housing market was bottoming right now. Good call because if it doesn't, KBH will be downward bound carried down by the rest of the table clothe. The long term chart strongly suggests that KBH will go BK. I read that chart as having put in a major consolidation to the downside over the last nine months. In order to undo the persuasiveness of trend something dramatic would have to occur, and nothing like that is possible under DM and the Demolitionists. The KBH chart well represents most stocks and Eli represents most American's thinking. Eli is heavily contributing to DM's reelection.
Check out KBH's chart in Yahoo. Starts right after the '87 crash. What does it look like to you?
Look at GOOG. I believe it put in a major top on Mar 28. On that day it gapped up and tried to go but there was no fuel in the tank, because of the fundamental reasons i gave on this thread. Basically, a failing biz model. Falling revs and rising costs to support their hippy lib cultural. Often one sees a major top on the smallest yearly volume day or on the smallest five day average volume for the recent year. That happened with GOOG. Then, on Apr 12 it gapped up again on volume only to horribly fail the next day on substantially more volume. ET flow peaked on 7/26/11. Looks like GOOG will fall 30%.