The Causal Mechanism of Stagnation

Peter Thiel recently said that we are in a period of "stagnant" growth. Peter Thiel: I honestly think it's dangerous to even talk about these things. The entire banking system is actually similarly flawed, he says. If you force any bank to liquidate the substantially all of their assets at the bottom of a down market, they are absolutely going to collapse. He believes there is room for massive growth but only if people focus more inwardly on what can be done today rather than tomorrow.