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Doom-and-gloom experts continue to maintain the economy is in a state of stagnation, but many signs are showing this is not true.

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Second Tech Revolution And The ??Stock Trade Of The Year??

Doom-and-gloom experts continue to maintain the economy is in a state of stagnation, but many signs are showing this is not true.

It was a case of the old versus the new at the annual American Economic Association meetings last week.

Harvard University economist Larry Summers clung to his doomsday scenario that America is enduring a period of slow growth and ??secular stagnation.? In my view, it proves Peter Drucker??s criticism that ??economists are the slowest learners.?

Contrary to the doom-and-gloom crowd, including Larry Summers of Harvard University, Robert Gordon from Northwestern University and Tyler Cowen from George Mason University, who are convinced that we are suffering from another case of secular stagnation, I believe we are entering a second technological revolution. Examples include Artificial Intelligence (AI), self-driving cars, 3-D printers, blockchain and medicine. As I wrote in the December 2017 issue of my Forecasts & Strategies investment newsletter, the tech-laden Nasdaq is likely to double and then double again in the next 10 years or less.

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Written By

Mark Skousen is a college professor, prolific author and world-renowned speaker. He??s made his unique sense of market and investment trends known and respected in the financial world. With a Ph.D. in economics and a focus on the principles of free-market capitalism and ??Austrian? economics, Mark Skousen has often gone contrary to the crowd in his investment choices and economic predictions ?? and has often been proved right.

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archive

Second Tech Revolution And The ‘Stock Trade Of The Year’

It was a case of the old versus the new at the annual American Economic Association meetings last week.

Harvard University economist Larry Summers clung to his doomsday scenario that America is enduring a period of slow growth and “secular stagnation.” In my view, it proves Peter Drucker’s criticism that “economists are the slowest learners.”

Contrary to the doom-and-gloom crowd, including Larry Summers of Harvard University, Robert Gordon from Northwestern University and Tyler Cowen from George Mason University, who are convinced that we are suffering from another case of secular stagnation, I believe we are entering a second technological revolution. Examples include Artificial Intelligence (AI), self-driving cars, 3-D printers, blockchain and medicine. As I wrote in the December 2017 issue of my Forecasts & Strategies investment newsletter, the tech-laden Nasdaq is likely to double and then double again in the next 10 years or less.

To read the rest of this article, please click here.

Newsletter Signup.

Sign up to the Human Events newsletter

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Alexander Solzhenitsyn Alexander Solzhenitsyn

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