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Moreover, one of the reason that oil prices are high is due to structural impediments.
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Cembalest points out three main risks: inflation, how consumption is financed, and structural impediments to growth.
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President Obama admits there are structural impediments to growth in this country.
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The second quarter started with a large correction, on the back of eurozone fears and much pessimism about structural impediments to Brazilian growth.
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While risk aversion is certainly a factor, that tiny sliver of formal ownership shows that there are considerable structural impediments facing potential entrepreneurs.
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The global market has become increasingly competitive and we do not have the luxury of arbitrarily raising the costs of doing business in the U.S. If the president is serious about economic growth, then his administration should address the structural impediments head on, reining in excessive taxes and regulations while fostering an educated workforce poised to harness the benefits of innovation and technology.
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He remains the keeper of the five tests and he alone will judge how much progress is made towards reducing those impediments to structural convergence he has identified.
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Those concessions have themselves been impediments to real structural change and have merely served to embolden the adversaries he has now, apparently, decided to confront.
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High structural unemployment: As alluded to earlier, impediments to business from all levels of government, but especially from the federal government, are a huge issue.
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