Archive for the ‘New Posts’ Category

Share buybacks, our investment deficit, and bad tax ideas

July 13th, 2016

A quick note with more pictures than words. –Investment, both private business investment and public investment (infrastructure), have been weak of late. –In fact, as a share of GDP, business investment has consistently hit lower peaks over the last few business cycles. –Yet we know corporate profitability is high and the cost of capital is… Read more

What’s UP with wages?

July 12th, 2016

I stumbled on three, count ‘em, pieces on wage growth in the papers this AM. –Catherine Rampell on recent wage growth and how it might help the incumbent party keep the White House. –Starbucks says the tight job market is leading them to increase compensation. –JPMorgan Chase’s Chairman Jamie Dimon is giving his employees a… Read more

References/Links to stuff you might like: recession, race, and trade

July 11th, 2016

First, the NYT’s Room for Debate series asks the important question: Are we ready for the next recession? As OTE regulars know, I say “no,” based on monetary policy, fiscal policy, and politics (otherwise, we’re fine…). I enjoyed other entries that stressed the importance of direct job creation programs, which make a lot of sense, especially… Read more