Where Else Will You Go With Your Money?
We analyze some mechanisms producing a slow shift of fund from the real economy to the financial economy. This shift is very beneficial for shareholders in the short and perhaps […]
Solar And Oil Are Only Marginally Related
The sell-off in solar stocks has accelerated in recent months, although there are few signs of any imminent slow down in the solar market. Most observers relate this sell-off to […]
Intrusion Has A Very Favorable Risk/Reward Ratio
The cyber security market represents a big growth opportunity for a small player like Intrusion, especially for its new Savant product dealing with advanced persistent threats. In the previous quarter, […]
Sunny Side Up?
Markets have shrugged off the October fall and exploded higher to set new records daily. But equity valuations are stretched providing the dry timber that only needs igniting. Sparks could […]
Right-Wing Keynesianism?
Many on the political right associate Keynesianism with big government and loose monetary policies. This is unfortunate, as Keynesianism offers a good framework for analysis of an economy suffering from […]
It’s Too Early To Write The Obituary Of Abeconomics
Some argue that Abeconomics alredy failed (after less than two years) and make it a showcase of failed Keynesianism. It’s too early to draw conclusions though. It’s funny, because what […]
The Top 20% Of US Earners Pay For All Transfer And Government
The bottom 60% of the US income distribution receives more in transfer payments than it pays in taxes. The top 20% pay for virtually all government and transfer payments, testifying […]
Euro Exit Plans Exist!
The euro can be broken up after all, authorities admit. While the break-up cost would be very big (depending on how it’s handled), the euro in its present form is […]
Is Deflation Caused by Tax Hikes?
Japan’s tax hike, just as in 1997, again sunk the economy, at least temporarily. However, some argue that it’s also responsible for the Japanese deflation, which is a rather odd […]
Is Germany Wrecking the Eurozone?
While Germany has put itself on the line for rescue packages of fellow eurozone countries, and it emphasizes the importance of structural reforms, it’s role isn’t benign. By undercutting wage […]