Putting the Great Stagnation Behind Us

TREND #2 The Golden Age of the Fifth Techno-Economic Revolution is upon us. In fact, as early as 2017, we had begun our escape from the so-called Great Stagnation which started with the Dot.com crash. But the COVID19 shock has convinced many that mediocrity is here to stay. Fortunately, Wall Street anticipated the macro-economic trend earlier than Main Street, and this triggered a secular bull market beginning in 2013, which is still going strong. Furthermore, from the vantage point of early 2021, it appears that rather than derailing the Golden Age, 2020’s COVID19 shock simply accelerated the institutional changes needed to facilitate full and effective adoption of Golden Age innovations as they emerge. And, as subscribers to Trends and Business...

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