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Strategies & Market Trends : The Millennium Crash
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To: pater tenebrarum who wrote (5385)6/13/2000 2:57:00 PM
From: LLCF  Read Replies (1) of 5676
 
"Substantial increases in U.S. capital investment, and the accompanying faster growth of our capital stock relative to labor input-so-called capital deepening-- explain a large part of the pickup in underlying growth in the ouput per hour over the past five years, irrespective of how measured."

Isn't he saying simply that labor input as opposed to capital input [debt and equity] explain the productivity advances?? I don't see how that helps in a recession, you're more leveraged.

DAK
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