economics

This may have also been due to consistently weak credit demand from the industry. After years of sluggish performance, private sector investment still has not picked up in a substantial manner. It is true that within industry, bank credit to medium industry grew at almost 20% and that to small industry at around 13%, but this was primarily driven

It is enough to summarize the key liquidity events that preceded the booms.

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the men who can manage men manage the men who can manage only things, and the men who can manage money manage all.”

Laundromats were also invented in the 1930s after sales of individual washing machines fell; they marketed themselves as washing machine rentals.

That is a major omission! If the slowdown in TFP growth can be explained by ideas getting harder to find, why did growth hit a brick wall in 1973 as opposed to slowly decaying as soon as ideas became harder to find?

Well, one question to ask might be “Which factors contributed to TFP growth in the last good decades, the 1950s and 1960s, and when

From a capital cycle perspective, the above situations only become attractive when stock market valuations fall to a fraction of replacement cost and a path opens up for dealing with the excess capacity.

In August 2023, the U.S. Commerce Department found that Chinese PV producers were shipping products to Cambodia, Malaysia, Thailand, and Vietnam for minor processing procedures to avoid paying U.S. antidumping tariffs. China’s PV-production capacity, already double the global demand, is expected to grow by another 50 percent in 2025. This extreme