The Bear’s Lair: Exponential or asymptotic?
July 9, 2002 | Source: UPI
Do we live in an economy whose growth is primarily exponential, or primarily asymptotic (approaches a limit)?
“The transition from exponential to asymptotic growth occurs when market saturation comes into play as a constraint on growth,” says UPI Business and Economics Editor Martin Hutchinson. “The United States is today primarily an asymptotically growing economy, and … investors should buy stocks only when they can obtain a high and secure dividend yield.”