Moving Beyond Stagnation

Despite the 177 percent rise in the Dow Jones Industrial Average from March 2009 through September 2013, the underlying economy has grown at a pathetic rate. Big business profits have soared on the winds of low rates, but employment and small business have stagnated. Why is this the case? Where are we headed? What are the implications? We’ll explain.

According to a recent report from JPMorgan Chase, America needs to get used to long-term economic growth of 1.75 percent, rather than our historic growth rate .....