Today, there is an important opportunity for businesses to engage in a “Race to the Top” as they re-design their practices to be attractive not only to investors, consumers, and employees, but also to the communities in which they participate.
Read More
For long periods of economic history, societies have built walls to defend themselves, relying on local suppliers to a domestic marketplace. Today, economic, public health and political factors are driving a similar trend toward self-reliance again, with all that it implies.
Read More
This past week, the S&P 500 reached all-time highs. Yet the market’s recent peak will prove ephemeral if not supported by stronger foundations.
Read More
The good news is that the unprecedented initial policy response to the economic downturn triggered by COVID-19 has averted a worst-case scenario, making comparisons to the Great Depression unwarranted.
Read More
Observers of US-China relations increasingly talk of a new cold war. On top of a long-running trade war, the two countries now find themselves in a destructive cycle of mutual sanctions, consulate closings, and increasingly bellicose official speeches.
Read More
Now that the world’s benchmark equity index—the S&P500—has closed in on its pre-pandemic and all-time highs, it’s useful to carefully examine valuations and drivers of market performance.
Read More
Inflation has been falling for decades, dipping in many countries below rates targeted by their central banks.
Read More
While the stakes of the upcoming US election are theoretically higher than usual, Julian Howard argues that the relationship between US politics and investment markets is not a direct one.
Read More
Although robots that can perform human labor will put downward pressure on wages in the short term, they also will increase the rate of profit, encouraging more investment and a recovery in the wage rate. It is not so much the economics of new technologies that should worry us, but rather the politics and ethics.
Read More
The oft-repeated idea that COVID-19 is “the great equalizer” is a myth. There is no equality of suffering or equality of sacrifice during a pandemic that is disproportionately hurting the poorest and most vulnerable.
Read More
COVID-19 is not going away, and other dangerous viruses may be coming. This means it’s time to face the grim truth: many of the pandemic’s effects on our economies and societies will be persistent, even permanent.
Read More