Posted 1/26/2024, 12:19:00 PM
Strategist Predicts Roaring '20s Decade Ahead Driven by Tech Innovations
- Veteran market strategist Ed Yardeni predicts a "roaring '20s" decade of rapid US economic growth due to loose monetary policy and technological innovations
- He draws a parallel to the 1920s boom after WWI, the Spanish flu, and a recession
- Technological innovations like automotive manufacturing drove 1920s productivity growth
- Similar forces are at play today with new technologies in all industries driving growth
- Yardeni's optimistic outlook is reinforced by recent strong GDP and stock market growth