“Opinion: For stocks and the economy, it’s going to be the Roaring Twenties”
January 13, 2020
“Overcrowding and pollution will become less urgent, thanks to plateauing populations and paradigm-changing green technologies—electric cars and renewable power.
Energy and other commodity prices will stay manageable and capital super abundant, not in constrained supplies as was the constant worry in the closing decades of the 20th century…
Low real interest rates plus low inflation begets low nominal rates on safe government securities, insured CDs and corporate bonds. It also enables more borrowing by companies that need tightening up or perhaps liquidation altogether...”