Ups and downs of the US economy

The 'new economy' has been embraced like never before, and the 'old economy' has been rejected. One market has produced some of the biggest gains and highest one-year returns in history and the other, which includes a far bigger majority of stocks, has been in a steady decline. The new economy/old economy distinction is a significant one since most of the real growth and productivity improvement is in the new economy technology revolution sector. So much has been made of this contrast in sector performance that a new paradigm label has gained credibility along with the observation that the...