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On productivity and a pending collision

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David Hay
Jan 23, 2026
∙ Paid

Hello, Subscribers:

There are many geopolitical, financial, and economic trends with which to be deeply concerned these days. However, one of them is definitely not productivity, as you can see from the following chart which John Mauldin ran on January 10th. If you weren’t aware of it, John continues to publish one of America’s most popular investment newsletters.

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