Archive for the ‘Financial Markets’ Category

Absent full employment or a bubble, middle class income and wealth will fall.

September 15th, 2014

Robert Samuelson covers some useful ground this morning, reviewing income and net worth trends from the recent Survey of Consumer Finances, a triennial (it comes out every three years) survey of family income and wealth. I wanted to add a few points regarding timing of the trends he cites. First, Samuelson notes that if you… Read more

The Self-Fulfilling Function of Political Dysfunction

September 13th, 2014

Here’s an engaging oped by Jon Grinspan that makes one of my favorite points, one which is obvious but under-appreciated, I think: generalized and pervasive negativity about government perpetuates broken government. As Grinspan (a name that sounds like the answer to the crossword puzzle clue: “happy central banker”) puts it: First, we need to realize… Read more

What we would do if we wanted to reduce America’s excessive share repurchasing problem.

September 11th, 2014

You’ve hopefully heard about, if not read, this revealing analysis by William Lazonick on the sharp rise in public corporations using their profits to boost their share price through stock buybacks as opposed to re-investment. I won’t summarize the findings, as Harold Meyerson amply does so here. As he writes: From the end of World… Read more