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We need a new industry. Housing got us out of the 2001 recession. Massive defense spending got us out of some of the recent weaker ones. The internet was responsible for huge growth. The problem is we don't have another industry.
But that said, that alone won't do it. What ignorant hacks fail to realize is that the last two decades of growth are artificial. Take away the growth fed by over use of leverage and we are facing the chance of real low growth. A real ugly fact many people either can't see or refuse to is that we are really in for slow growth for the next decade barring the resumption of over use of leverage.
I have heard that we are in for slow growth and recovery over the next decade or more. A new industry sounds promising, although I am not convinced in the least that government regulated green technology is the answer. Energy wise, a resurgence in building nuclear power plants could only help, if we loosen the regulation.
Could you explain what you mean by leverage and how the over use of leverage fuels growth?