The Economy
The Greek Clash: Should I Stay, or Should I Go?
Greece has seemingly weathered its financial crisis, but the fundamental problem with the Euro of who creates its money remains. Most days, the lead article on every financial news website is a six-year-old story about whether Greece is going to leave the Eurozone or...
Why Every Country Can’t Export More
Exports, the whole world, cannot increase them because someone has to buy them. And it can't be just the U.S. consumer who buys them. As Germany and Japan join China in trying to export their way out of their economic dilemmas, the world is pinning its hopes on U.S....
Business Investment Shouldn’t Be a Four Letter Word
Business investment has continued to lag during this recovery except for 2018 because the tax bill incentivized spending in that year This morning a guest on CNBC said spending by companies on plant, equipment, software, etc. was just around the corner. I’ve heard...
Stumbling Growth: Was the Negative 2.9% First Quarter GDP Really Just a Fluke?
For twenty-odd years, investment spending by companies has lagged, which has caused economic growth (GDP) to become more dependent on consumer spending. However, consumers are now showing signs of financial stress. So, unless investment spending picks up, a recession...