Is There a Longer Term Super Cycle?

After the crisis, we have central banks that may be prepared to take more risk with inflation. And you have a governments that will embrace a more activist fiscal policy once they realize that the inflation they're getting is not sustained. You effectively have a fiscal and maltory policy which wants to run the economy hotter. i think that type of environment is very different from the one tha we had in the 20 tent. I think that secular stagnation world of just growth, know, continuously destroying value ends.