WHY secular stagnation was an imposed fallacy on US under Obama administration.

Difficulity of measuring service based productivity gains & nature of running a business with scarce revenue all explain US productivity slowdown.

The impact of fear is manytimes WAR. Lincoln embraced his Machiavelli but knew how to manage the socio-political aggregates of Congress & public opinion prior to war.

Trade deficit b/c US remains global reserve currency with low domestic savings. Globalization has benefits that multi-national companies love.

IPO's aren't created with onerous costs of fiscal/financial reporting mandated by Sarbanes-Oxley Act, especially sections 302,404, 906. Collectively they remain a drag on employment. Companies list elsewhere.

Late great Ann Schwartz knew that bank (bond) recapitalizaton was desired policy to rescue banks in 2008; it was fundamentally NOT a liquidity crisis. Obituary https://www.nytimes.com/2012/06/22/business/anna-schwartz-economist-who-worked-with-friedman-dies-at-96.html

Christian faiths have sources of renewal and growth outside militant secularism.

Quote from Haye's 'Road to Serfdom'. How collectivist thought begins in liberal regimes.

Trade deficits = no savings with global integrated markets. Budget deficits = excessivine govmint spending. Only sound domestic fiscal polices can reignite US manufacturing.

Oil volatility from Venezuela, Libya, Nigeria and others; OPEC will collapse bringing more unrest to supplies & weak dollar all hurt global petrol suppy markets.