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Strategies & Market Trends : The coming US dollar crisis
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To: Wyätt Gwyön who wrote (23703)10/22/2009 8:23:20 AM
From: carranza21 Recommendation  Read Replies (2) of 71406
 
Bernstein's ultimate conclusion, that "[s]ince the capital markets and knowledge base are the most 'scalable' of the four input factors, capital- and knowledge-intensive postindustrial societies should sustain the highest growth," is open to substantial doubt.

A very large part of the globe cannot even charitably be deemed post-industrial. Capital markets, well, we've recently received a brutal education on their weaknesses. What to Bernstein may seem scaled to me looks leveraged.
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