economics

Recalibrating Traditional Indicators Some traditional indicators could be updated by: • Reweighting LEI components to reduce manufacturing emphasis • Incorporating digital transformation metrics into productivity calculations • Creating sector-specific sub-indices that acknowledge structural differences • Adding liquidity and fiscal policy impact a

lately (and interestingly), companies across the world have recently been holding way more cash than they might ever need.

Listed US companies held nearly $2.5 trillion in just cash at the end of 2024 — about 4.7% of their total market cap. From 5.8% in the thirty years between 1970-2000, cash has risen to ~9.7% of companies’ assets between 2001-202

The grandiosity of the scheme is reminiscent of another failed European megaproject, Desertec. The intuition behind Desertec was to generate PV energy in the Sahara Desert and transport it to Europe. Desertec was set up by a network of politicians, scientists, and economists which itself was founded by the Club of Rome, of all organizations. It was

Americans consume far too large a share of what they produce, and so they must import the difference from abroad. In this case, tariffs (properly implemented) would have the opposite effect of Smoot-Hawley. By taxing consumption to subsidize production, modern-day tariffs would redirect a portion of U.S. demand toward increasing the total amount of

Finally, while the economic drivers of police rates, nominal growth, and profitability determine the direction of the moves relative to other asset classes, the total size of the move in prices is driven by liquidity conditions, i.e., how much cash or cash-like assets are available to purchases equities at a given time. Part of this flow is mechani

Historian Michael Howard has said that war and welfare go hand in hand. Perhaps that’s because even the most financially prepared, the most risk averse, and those with the most foresight can be completely crushed by war.

we present a new type of monetary transmission, ‘Smart Helicopter Money’, to deliver monetary stimulus to innovators, SMEs and high-growth firms via both complementary currencies and a modified form of QE in order to achieve proportionally greater impact on the real economy.

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 o

Developed countries reached their peak of centralization back then. Franklin D. Roosevelt, at the height of his power, had over 70% of Congress in his party. Roosevelt and his party had a supermajority, and could pass almost anything they wanted, could stack the Supreme Court if they contested him, and had plenty of political power to suppress aspe