The Trump Economy Half A Year After The Tax Cuts
Half a year after the tax cuts the economy is on sound footing and unemployment at multi-decade lows. Proponents of the tax cuts claim they are responsible for an economic […]
The U.S. Is Broke!
Debt scares once again resurface with US public debt at historically high levels and entitlement spending set to increase further. Some argue the US is basically broke. We will try […]
Corporations Don’t Invest Enough
We’re experiencing a solid economy with low unemployment, but easy money and now fiscal stimulus are hiding underlying problems from sight. The biggest problem is perhaps disappointing business investment, which […]
Another Own Goal?
The trade tensions between the US and China are heating up. Much of the US focus is on Chinese efforts to expand in high-tech industries in general and optical networking […]
Stock Buybacks As Economic Stimulus
One of the criticisms of the recent tax cut is that most of the corporate tax cuts are likely to go to share buybacks. Rather than trying to deny that, […]
Risks Are Increasing
Market risks are increasing with a more assertive President, less constrained by mainstream advisers repositioning into a more populist and neo-conservative direction. The more immediate worry are the chances of […]
Booming World Economy Is Facing Constraints
The world economy is booming, which is good for corporate earnings. Equity valuations should be able to handle a modicum of higher interest rates. But capacity constraints and labor shortages […]
The Amazon Economy
Amazon undoubtedly brings efficiency to the shopping process, but there is a considerable price to pay for this. By monopolizing online market access, it forces most other online sellers to […]
A Bitcoin Economy?
While we are in the midst of a speculative frenzy, the value of Bitcoin will ultimately be determined by its usefulness. Even if we think the speculative frenzy is likely […]
Why Trickle Down Doesn’t Work
Tax cuts for the wealthy doesn’t trickle down, at least not in the US, the evidence is clear. Tax cuts for corporations might fare a little better through increased investments […]