The mystery of the stagnated productivity growth
In late 2017 we reported, as probably the first macroanalytic… Read More »The mystery of the stagnated productivity growth
In late 2017 we reported, as probably the first macroanalytic… Read More »The mystery of the stagnated productivity growth
Now that the first serious mutation of the Coronavirus has… Read More »Can the world economy ‘Japanificate’?
For years, we have been warning about dire consequences if… Read More »The destruction of the world economy by the Central Banks
We have been following China closely for nearly four years. We first warned about the unsustainability of China’s growth in March 2017 and have continued to issue w…
There is renewed hope in the markets after central banks, most-recently the ECB and China, have added easing measures. The working narrative is that these will, once again, renew global growth and allow governments, corporations and consumers to go e…
This post has been co-written with Dr. Peter Nyberg.
Japanification is a term that has re-emerged recently. It r…
As expected, increased ’dovishness’ by the Fed has gotten markets rallying. Both the S&P 500 and DJIA have touched new highs. From the perspective of late last year, such massive rallies seemed unlikely indeed. While some kind of a Fed pivot was …
It is estimated that over 14% of companies in the S&P 1500 are zombies. In China, roughly 20 percent of A-sha…
For some years now, we’ve been very wary of the legitimacy of the “economic recovery”.
The global slowdown has been much discussed lately. A slowdown in Europe and China was considered to be the main reason for the December stock market rout combined with the balance sheet normalization (QT) program of the Federal Reserve. What is behi…