Builda Bunch News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Expansion the average gdp growth is around 2.2%. >> right. >> now, you teed it up exactly correctly in my view. this is not some lever that anybody knows how to pull. the combination of labor force growth and productivity growth is what sets the economy's speed limit. and there are a bunch of things that go into that including the aging demographics. >> right. >> so the problem is because economists don't really know what makes productivity speed up or slow down, you have what i call the empty hole problem in economics. i think harwood will recognize this. this is the idea when nobody really k...

Range next year. that's lower than a lot of other countries, jared. and i don't know how fixable that is. i think we'd all like to get to 3% economic growth, but when you see where china is and where india is and places like that, economies that can grow faster than sort of how do you describe america, sort of a middle-aged suddenly overweight man. we're not that nimble. >> who are you talking about here? >> me. how do we get there? i don't disagree -- i do disagree with the president who last summer was saying 4% and 5% and 6% growth. i think that's nonsense. but maybe we could try to get to ...

People own stock, you have to look at how much stock they own. most people own very little. so 80% of the value of the stock market is held by the richest 10% of families. and 40% of the value of the stock market is held by the top 1%. so when the stock market goes up a lot, the folks who benefit from that wealth effect tend to be among those who are most wealthy. now, here's the thing in where i think the stock market's uptick recently has been most relevant. one of the reasons, i kind of agree with john on this, one of the reasons that the stock market is doing well is not because of the tax...