11  My proposal at the April 26 MPM called for completely removing the concept of the “two perspectives” from the report; instead, I suggested that what was written relating to the two perspectives in Section III be moved to appropriate sections throughout the entire report.
10 On the more discouraging side, investment continues to disappoint – and so the current capital stock is smaller and embodies fewer frontier technologies than might otherwise be the case – and the productivity slowdown is a global phenomenon, suggesting that it may not be easily or quickly remedied.