Institutional Investor (February Issue)
A bull market looks set to lift U.S. stocks in 2011. This will not, however, be a “sustained market drive.” One factor is missing: productivity growth. “Strong bull markets are propelled by long-term productivity growth.” The “bullish 1960s and 1990s” prospered on the back “of solid productivity gains.” In contrast, American worker-productivity is in general decline.
A bull market looks set to lift U.S. stocks in 2011. This will not, however, be a “sustained market drive.” One factor is missing: productivity growth. “Strong bull markets are propelled by long-term productivity growth.” The “bullish 1960s and 1990s” prospered on the back “of solid productivity gains.” In contrast, American worker-productivity is in general decline.
Tags: Bull market, Outlook, Productivity gains, U.S.
New York Times (February 27)
Has a new epoch begun? The Holocene epcoh began 11,500 years ago and some scientists contend it has given way to a new period. That new period is being labeled the Anthropocene due to the impact humans (anthropos in Greek) are having on the planet and the environment. “The true meaning of the Anthropocene is that we have affected nearly every aspect of our environment — from a warming atmosphere to the bottom of an acidifying ocean.”
Has a new epoch begun? The Holocene epcoh began 11,500 years ago and some scientists contend it has given way to a new period. That new period is being labeled the Anthropocene due to the impact humans (anthropos in Greek) are having on the planet and the environment. “The true meaning of the Anthropocene is that we have affected nearly every aspect of our environment — from a warming atmosphere to the bottom of an acidifying ocean.”
Tags: Anthropocene, Environment, Epoch, Holocene, Human impact