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Turbulent Times November 5, 2008

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Loving Greenspan’s book.

It gives great insight into the macroeconomic trends of the period in first principle terms.

Particularly like the insight around how we now have such a shifting and complex set of equipment in companies (capital stock), including software, that we have to train up our workforce far more and we need to ensure the citizens of our countries are educated better and better to keep up.

The demand side is then pretty clear but on supply we are not doing so well. Investment in education is not significantly increasing and rather than competing with driven immigrants many societies want to put up barriers to entry. Maybe there is an opportunity here….