Tag: economics

Sorry Middle Class, You’re Just Not That Important Anymore

With $21 Trillion, China’s Savers Are Set to Change the World I guess this is why the decline of the middle class is not such a big deal to Wall St. There are seven billion people in the world, of which only around 100 million constitutes ‘America’s middle class’. Then you have the Pareto principle,… Continue reading Sorry Middle Class, You’re Just Not That Important Anymore

Wealthy foreigners bought $100 billion in US real estate

More American exceptionalism: Wealthy foreigners bought $100 billion in US real estate So much for the ‘post America’ era that many leftist pundits predicted in 2008 and 2009 – the exact opposite has happened. From surging stocks, to the unending inflow of foreign capital, to a strong dollar, America has been emboldened, it’s economic hegemony… Continue reading Wealthy foreigners bought $100 billion in US real estate

Debunking the Gold Standard

From the Captain: A couple quibbles: As of 2015, the US dollar is at record highs versus other currencies, hardly a failure. So I guess you could say many currencies have failed except the reserve currencies. The gold standard in encumbering, making it harder for the country to recover from recession & panics. Since the… Continue reading Debunking the Gold Standard

The Great Debate: Automation, Jobs, Wealth Inequality, Basic Income, Post Scarcity

Billionaire Cartier Boss Warns of Imminent Uprising, ‘Envy, Hatred’ of Poor People There is also an accompanying video: The 65-year-old Rupert, who has an estimated net worth of about $7.5 billion, seemed deeply perturbed about the impending disappearance of the middle class due to robotics and artificial intelligence, which he said would “put hundreds of… Continue reading The Great Debate: Automation, Jobs, Wealth Inequality, Basic Income, Post Scarcity

The Great Decoupling

From AV: The Great Decoupling Ultimately, I think this whole debate on wages, STEM, wealth inequality, and automation boils down to IQ. The decoupling is also obvious when comparing advanced degree employment and income versus those with only high school or ‘some college’. It’s also pronounced between majors, with STEM earning more. these trends have… Continue reading The Great Decoupling

Evidence That America Is Not In Decline (long post)

Rumors of America’s decline have been exaggerated. Vox Day, in a recent post, writes: What we are witnessing is nothing less than the gradual demise of the biggest, wealthiest economy in world history. It is truly a privilege and an education to behold. It is rather like being able to witness the death of the… Continue reading Evidence That America Is Not In Decline (long post)

With the Exception of China, Emerging Markets Are Still Awful

From The Reformed Broker: The Circus of What’s Working Now Josh Brown, author of The Reformed Broker, writes: The reality is that foreign stocks and US stocks take turns outperforming each other in roughly four year increments. The last such timeframe where foreign developed equities beat the S&P was from 2003 to 2007. There’s no… Continue reading With the Exception of China, Emerging Markets Are Still Awful

Micro Economics 101

W’re still in perhaps the slowest new cycle ever. What is the future of the news media in a world where everything is deterministic and better than expected? Take the 2016 election, for example. We know it’ going to be a toss-up of Walker or Jeb vs. Clinton. The post-2008 economic expansion and epic bull… Continue reading Micro Economics 101

The Fed May Never Raise Interest Rates Again

The fed may never raise rates again: Horwitz: ‘The Fed may never raise rates again’ I hope he’s right. The bad jobs number last week increases the odds rates will remain low, and the fed has no pressing reason to raise rates, anyway. The bond market isn’t signaling inflation and neither is the economic data.… Continue reading The Fed May Never Raise Interest Rates Again