Archive for the ‘Financial Markets’ Category

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

Graph of the Day: Just how tight is the relationship between inflation and wage growth? (Answer: not very)

August 19th, 2014

There’s been of late an interesting outpouring of quality research on one of my favorite topics: the relationship between labor market slack and wage growth. I’ve got a longer piece on this coming out later, but the punchline is, as you probably know if you’re drawing a paycheck: considerable slack remains in the job market… Read more