On: The coming long-run slowdown in corporate profit growth and stock returns

[netr0ute]

A run of near zero growth is exactly the same as a bust, so I don't know what you're adding.

[medvezhenok → netr0ute]

That's technically not true if you're running a DCA model (which most people do when they invest in the stock market - they invest a percentage of their earnings), since the price at which you invest is better under a bust scenario than a protracted run of zero growth.