Take Two for January 2, 2013

Economist theorizes that America's period of growth may be ending

Markets Soar On Budget Deal OnFirst Trading Day Of 2013

Spencer Platt/Getty Images

A trader works on the floor of the New York Stock Exchange on January 2, 2013 in New York City. A day after U.S. lawmakers reached a last minute agreement to avert the fiscal cliff, U.S. stocks surged as traders around the globe felt renewed confidence over global markets. Shortly after the opening bell, The Dow Jones Industrial Average rallied more than 230 points, or 1.7%.

KPCC's Matt DeBord talks about economist Robert Gordon's theory that the period of economic growth that began in the 18th century may be drawing to an end. 

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