Same user, backup account. Typed on the phone, so there have to be some writing errors there somewhere.
I am getting USA worker productivity numbers from real unemployment numbers, including those who gave up looking, those on disability and early ss and the 500 Billion USD/year trade deficit USA has been running for the last 20 years. I am gettinv more worker productivity numbers from monthly non farming payroll numbers, which show non existing manufacturing, fairly small mining and large service and government sectors, all of which are the reason for negative productivity. Americans are incapable of producing enough for themselves or to repay the foreigners for the stuff that comes from abroad, the 40-50 billion usd a month trade deficit is the proof of this simple concept. All of you exports, including all exported services are not enough to pay for the imports, that is your negative productivity. Americans are exporting the difference in inflated dollars and bonds, which are proving to be the theft of foreign productivity, since all the trillions that the foreigners hold for you raise their prices, while Americans have been spared the full wrath of inflation they are creating. Of-course inflation in USA is a number of times higher than the official numbers, it easily exceeds 10% per year as is clear from all of the asset bubbles that the Fed is creating and the rising cost of living should be obvious even to you, unless your buttler does the shopping.
A productive economy creates what it consumes either directly or in enough exports to cover all imports and then some. Americans lost that ability when they defaulted on the dollar 43 years ago.
The fact that the wealthy Chinese are buying up your houses is the exact opposite of what you believe. It shows that they have thd productivity and that to get rid of their dollars they have to go all the way to the USA to dump them, bringing the Fed generated inflation right back to you. They will buy the houses that your inflation allowed to be built ( the Fed created inflation to pump up the asset prices, they have been doing it since the default on the dollar). They are and will continue buying up all of your still productive assets too, companies, lands. Your welfare state will turn all of your welfare recipients into beggars on the streets, their only saving grace will be foreign companies hiring them at lowest labour prices, since they are made by USA government so unproductive, due to complete destruction of the capital, that you lost all of your factories that mattered and cannot be hired by other Americans. The part time jobs in the service sector will only get you as far as the foreigners will let you go, and they are tired of subsidising the unproductive Americans.
There is no capital without savings and people with savings do not lend to people that allowed themselves (and indeed cheered themselves) into this situation, where productivity is punished by regulations laws, taxes, inflation and generally anti-freedom ideology. Ideology of government taxing, borrowing and inflating (printing) to spend is ideology of destruction of the real economy and you are right in the middle of it, which is likely why you are blind to it.
As to business cycle, it does not need a solution, it is a normal process, where excess spendings are restructured back into productive capacity. The Fed trying to 'solve it' creates much more violent recessions and of course depressions, which are taking down your economy. The spending that needed to be stopped hasn't been, the unproductive were propped up for decades with all this money printing, while savers and the productive were chased out of town with laws, taxes and the inflation. The resulting lack of proper cleaning procedure (restructuring of misallocated resources) was delayed by the government and the Fed and now has enough potential energy that when it turns into kinetic will wipe out whatever remains of your centrally planned economy (and it is all centrally planned, that is your Fed and government with all the printing, taxes and laws that destroyed the dollar and the frer market).
Enjoy whatever limited time you have.