In This Issue:
The Burden of Lower Growth and More Frequent Recessions
Three Structural Changes
Lower Trend Growth
Thailand, Phoenix, and Japan
Tonight
(Thursday) I am flying to Thailand and will 'lose' my normal Friday writing
day, so I am going to give you a preview of my new book, Endgame, out and in the bookstores next month. This is the
beginning of chapter four, and it stands alone quite nicely. It will print out
a little longer than normal, as there are a lot of graphs. My co-author
Jonathan Tepper and I deal with why there will be slower growth, more
volatility, and more frequent recessions in our future.
...