economics

Distribution of individual income tax filers shows that average income growth from all sources, including salaries, business income, earnings from deposits etc. was a modest 5.6 per cent over the decade ending FY24, barely matching inflation. Earnings from equity markets for an average earner remains low at 5 per cent despite the robust expansion.

speed truly is of the essence in the AI race—and few would deny that it is—natural gas is by far the best solution… Will natural gas be the bridging fuel that carries the AI boom along until a full nuclear renaissance can be realized? All the signs are there. At an exponential rate that would surely make Kurzweil smile, the molecule might flip

More money is lost by people trying to prepare for recessions than in recessions. However, there are times to lean in with conviction and other times to remain flexible, and I view this as a time to remain flexible.

Driving knowledge work in the ’30s was the fact that more young people stayed in school because they had nothing else to do. High school graduation surged during the Depression to levels not seen again until the 1960s.

One problem with most LDC securities markets is that there is a very poor balance of investors.

These trade deficits are self-reinforcing rather than planned. It’s not like the global reserve country necessarily decides to have persistent trade deficits. Using the United States as an example, if the whole world agrees or is forced to mainly use dollars to buy commodities and settle the majority of international deals, then there is naturally

“ The province of Alberta, home to the world’s third-largest crude reserves, is making a push to become a hub for artificial intelligence data centres and sees the potential to attract $100 billion in investments.

The government is planning to introduce legislation, make regulatory changes and roll out new services to encourage technology

Evidence, as well, are the big jumps in debt (US$14 trillion and US$18 trillion) and particularly liquidity (US$5 trillion and US$35 trillion) following the 2008 GFC and the 2020 COVID emergency.