Conley conjecture and local Floer homology

In this paper we connect algebraic properties of the pair-of-pants product in local Floer homology and Hamiltonian dynamics. We show that for an isolated periodic orbit the product is non-uniformly nilpotent and use this fact to give a simple proof of the Conley conjecture for closed manifolds with aspherical symplectic form. More precisely, we prove that on a closed symplectic manifold the mean action spectrum of a Hamiltonian diffeomorphism with isolated periodic orbits is infinite.