The U.S. Needs A Supply Revolution
An increased regulatory burden is often blamed for the slowdown of US growth and decreasing economic dynamism. Much of this is simply the result of an increasing complexity of modern […]
Secular Profit Rise, Cyclical Profit Downturn
There has been a substantial shift of income from wages to profits. This has been an important part of secular stagnation and has been a drag on economic growth. Cyclical […]
It Is Actually Surprisingly Easy To Cure Secular Stagnation
Secular stagnation means lower growth produced by excess savings over investment. We think the main source for this savings glut is the corporate world, which sitting on record amounts of […]
Time To Fire Up Japanese Helicopters
Japan hasn’t been able to break the debt-deflationary cycle that has plagued its economy for over two decades. Monetary policy isn’t likely to achieve it either. It’s time for bolder […]
A Worrying Artificial Bubble In Earnings
Stock based compensation as part of executive pay is widespread. The common practice on Wall Street is that it is added to earnings, we can see no valid accounting reason […]
Is That Italian Time Bomb Under The World Economy Still Ticking?
Two years ago, we warned about one of the biggest threats to the world economy. Is the situation contained? For now it is, but only that – there is some […]