Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
1. Machines replacing workers (rather than supplementing them as in the past). 2. Debt accumulation -- which pulled-forward so much demand, without increasing productivity. 3. The inflated demand (caused by debt) has caused overcapacity in many industries. 4. Insufficiency of monetary policy. 5. More direct state intervention in the economy (the "next normal"). 6. Investment implications.