Edward Yardeni: A productivity boom could spur the 'Roaring 2020s'

Edward Yardeni, president and chief investment strategist at Yardeni Research, says that the current wage-price-rent spiral is likely to spur businesses to spend money to increase the productivity of workers. If that innovation and change occurs -- and Yardeni believes there will be a 'productivity boom' -- a decade that started out pretty badly could instead turn into the Roaring 2020s. Yardeni says that solid economic underpinning will make it that inflation and interest rate hikes will not turn into a repeat of the 1970s, avoiding deep, long recessions or worse even while conditions feel bad. Also on the show, Tom Lydon of ETFTrends.com looks to emerging markets and internet/e-commerce for his ETF of the Week, and Ryan Jacob, chief investment officer of the Jacob Funds, talks technology stocks in the Market Call.