[thewarrior]

My personal belief and this is where a lot of people might disagree with me is that we will not see the kind of growth we saw again.

Growth is fundamentally tied to the availability of cheap energy. If you look at oil prices in gold you’ll see how it’s almost twice as expensive today.

We are also facing constraints on energy extraction due to climate change.

Every time oil prices spike shale oil comes online but the economy chokes on the price oil crashes and the shale producers go further into debt.

This may also be why a lot of growth is in the digital sphere which is far less energy constrained. Maybe future growth will be Virtual reality GDP :P

The only way I can be wrong is if someone invents a cheap fusion reactor or a cheap magical battery that stores endless amounts of solar energy. This is highly unlikely to happen.

Disclaimer: Very speculative thesis but I believe in it.