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Do you believe that do recessions not happen for a reason? it s possible to not have a recession if you look at, say, australia or poland. they re closing in on three decades without a recession. i think that it s possible, but it s going to take a lot of stars to align. i think that looking back over the last couple of years, the reason we didn t have a recession is that just at the right time, right when labor was getting tight, we cut the corporate tax rate which made it so a lot of businesses wanted to relocate in the u.s. at a stale part of the recovery, we gave a new push to it exactly on the capital side rather than the labor side which is just what we needed. so the capital stock growth went up a lot. it s leveling off and now we re getting the consumption feedback effect. i think a year or two from now, what s the next one of those. i want to keep my viewers so i don t want to bore them with an inverted yield curve discussion, but i do want to ask you as we ve seen the e ....

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