We're going to ask a question today that has many answers. But before we ask it, consider the following chart, which shows the sales (or revenues) per share of the firms that make up the S&P 500 index for each quarter from 2000-Q1 through a preliminary estimate for 2016-Q3.
Here are some things to consider about the information shown in the chart:
Now for the question: What changed after 2012 to cause the outcome of stalled-out growth for the sales per share of the firms of the S&P 500?
Standard & Poor. S&P 500 Index Earnings. [Excel Spreadsheet]. Accessed 28 November 2016.
National Bureau of Economic Research. U.S. Business Cycle Expansions and Contractions. [Online Document]. Accessed 28 November 2016.