audreyh1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Interesting recent Bernstein paper from last year
The Paradox of Wealth and the End of History Illusion
http://larrysiegeldotorg.files.wordpress.com/2012/01/the-paradox-of-wealth-v2-formatted.pdf
As an answer to the doom and gloomers he gives a fascinating historical view of the global economy, but he also points out that as things improve, returns drop.
I see it's a year old, but I don't know if it was discussed here? I ran across it recently at M*.
The Paradox of Wealth and the End of History Illusion
http://larrysiegeldotorg.files.wordpress.com/2012/01/the-paradox-of-wealth-v2-formatted.pdf
As an answer to the doom and gloomers he gives a fascinating historical view of the global economy, but he also points out that as things improve, returns drop.
I see it's a year old, but I don't know if it was discussed here? I ran across it recently at M*.
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