Demand Trumps Supply
Can Trump significantly lift the growth of the US economy? Trump’s reflationary efforts are likely to run into supply constraints, given by a tight labor market, low productivity growth and […]
The Coming Italian Bond Explosion
We think there are many reasons why Italian bond yields are likely to go higher, like eurozone tensions, a rising yield global environment, ECB tapering, political uncertainty, etc. Unfortunately, for […]
Shopify Going From Strength To Strength
Shopify has grown at near triple-digit rate the past years. This year, growth will slow down, but not by much. The company’s focus is on the long-term build-out of its […]
Blowing Up The Deficit
There are good reasons to assume that Trump’s tax cuts aren’t likely to increase economic growth by all that much. But they are likely to blow up the budget deficit […]
The Hurdles To Higher Economic Growth
Stocks are pricing in a considerable amount of higher economic growth. However, there are a number of barriers that make it difficult to meaningfully achieve higher economic growth in the […]
Turning The U.S. Into Germany
The US experienced something of a populist revolution, people are unhappy with the economy, among other things. While Bernie Sanders wanted to change the US into Denmark, it’s less clear […]
Intel’s Adventures In The Internet Of Things
Shares of Intel are plagued by worries about growth. To some extent, these worries are overblown. Intel even managed growth in a declining PC market. And they have plenty of […]
Shares Expect Too Much From A Trump Reflation Already
The Trump reflation package is liable to disappoint in terms of reviving business investment and growth. It is also liable to create a hole in public finances, and likely remedies […]
Ellie Mae Remains A Good Company That’s Terrifically Valued
Shares of Ellie Mae sold off after the Trump victory as people feared higher mortgage rates would cut their growth. But the company has demonstrated before that they can grow […]
Trade The Trump Popularity Index
There seem to be two Trump’s, one that’s good for markets and one that’s bad for markets. Investors find it difficult to make sense of this which is adding to […]