Very true. Plus this is nonsense. Interest rates are still far too low. There is wayyyyy too much money floating around in the system and global growth has slowed. That money will be chasing returns wherever they can find them and that has been the market and now real estate. Both of these will be net up over the next 10 years. It will be choppy for a few years as inflation is battled and interest rates rise a little bit more.
Inflation adjusted won't that look rather flat or negative? Where are these real returns going to be coming from? Hot stocks haven't been paying appropriate dividends for the last two decades.
I wonder how much the end Moore's law is a part of this current slowdown. It would make sense to me that its impact would lag a while, and would eventually catch up.
I don't know if it's moores law. except for servers, CPUs are mostly running near idle.
My intuition would say tech saturation would make more of a difference. That is, worldwide pretty much everyone have now has adopted a computer and all businesses have automated the low hanging fruit.
There are probably a lot of companies that could see huge automation benefits but can’t a due to inefficient corporate structure. They might take decades to die though
Moore’s law ending? I’d say declining birth rates is at least an order of magnitude more important. If the future has half as many consumers and producers, scientists and engineers, entrepreneurs, etc. what do you think GDP and the stock market will look like?
