The U.S. continues to be in a post-credit-crisis recovery — that means more deleveraging is to come and because of this, expect mediocre growth, job creation and retail sales for some time to come. The prescription is to replace monetary policy as a key economic stimulus with a robust fiscal policy, primarily focused on infrastructure. Fund it all with bonds that mature in 50 or 100 years to take advantage of record-low interest rates.
http://www.bloomberg.com/view/articles/2016-07-11/slogging-on-the-economic-road-back-to-normal
