The
Congressional Budget Office has indicated from its studies that U.S.
economic growth will average a little more than 2% a year over the
next 70 years. It had been about 3,5%, from the 1950s on.
There
are many reasons why estimates for future economic growth are
dismal, including our enormous debt which must be serviced.
Moreover, it’s highly likely future interest costs will be much
higher than they are today.
The
specter of inflation all this imposes makes stock market growth
difficult. (See the Earl J. Weinreb NewsHole® comments.)
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