wages

I have been trying to write an all-encompassing post for the new year for two weeks now. But time has never allowed it. So I've decided to forego that and get something out to you on what I am thinking as 2020 begins. First and foremost,…

Impeachment In the last couple of weeks, at the expense of other thoughts, I have been consumed by the impeachment proceedings going on in the United States. I guess this is a byproduct of my having been born in, growing up in and now…

I think it's a good time to outline where we are in this business cycle right now because a number of factors are coming together to present a larger picture in the US both in terms of growth and the policy response to that growth. The Fed…

My macro view What's my overall thesis at this juncture? It's that the global economy is slowing and is likely to slow further before it picks up. The US is the laggard in this slowing but is affected as well. From a markets perspective,…

There is a shift going on in Germany which has the center-left party moving away from the center after disastrous election results. And I think this is a significant signpost of the center-left's abandonment of the policies championed by…

By Will Abel, Silvana Tenreyro, and Gregory Thwaites This post first appeared on Vox. The growing prominence of giant companies in advanced economies has raised concerns about the increase in monopoly power (e.g. Eeckhout and de Loecker…

German and Japanese auto manufacturers succeed despite sticking to a high-wage model.

I've written two posts about the history of support for the EU. And I covered the ground through the EU-15 period when Austria, Finland, and Sweden entered the EU.  Today, I want to continue the post series with the introduction of the next…

There are a lot of different things on my radar screen right now. And below is the list of news items I want to touch on in that context. As I've been saying recently, I'm fairly bullish on the US economy and US market despite shares being…

I wasn't able to get a daily off yesterday nor will I be able to a full-fledged one today. But I will post today. Just a reminder: next week, I am on holiday. And so I don't know how much writing I will do, if any. Let me start today more…