Wrong. Completely, totally, dead wrong.

The drivers of the past 75 years of growth — globalization and financialization — are dead, and so is everything that depended on them for "growth."

Here's what's poorly understood: Globalization and financialization die when they stop expanding.

Just as a shark dies if it stops swimming forward, globalization and financialization die once they stop expanding, because their viability depends on expansion.

Globalization and financialization have been losing momentum for years.