Sep 222016
 

Wow, That’s Fantastic.  Whoa, That’s Frightening. Or . . . well, use your imagination, you supply the words. I plan to list here some headlines in the news that have me exclaiming WTF! European boom in electric cars sparks fears on pollution Financial Times, Page 2, September 27, 2016 How [continue reading . . . ]






Aug 232016
 

Terrific perspective on China’s growing importance, the coming fight in Congress over the Trans-Pacific Partnership (TPP), and the standing of the United States in a changed world in an op-ed in today’s New York Times by Clyde Prestowitz, founder and president of the Economic Strategy Institute. He delivers his punch [continue reading . . . ]






Aug 152016
 
Economic update

For a quick economic update for members of Bellevue Rotary recently, I updated several slides I usually include as a part of my talks and added a new one or two. You can download all of them as a PDF file here. Among bullet points: We live in a slow-growth world. [continue reading . . . ]






Apr 112016
 
NIRP's unintended consequences

What if the negative interest rate policies (NIRP) that have been adopted by major central banks had effects opposite what was intended? The idea is to fight DEflation and to nudge consumers to spend by penalizing banks for keeping money on deposit. The theory is that banks will lend rather [continue reading . . . ]






Mar 252016
 

I had to return something to Amazon.com the other day. The process was simple. Amazon provided for printing at home a return label and a bar-code to include with the item. It took a minute to print them out. It took five minutes to pack. Per Amazon’s instructions, I dropped [continue reading . . . ]






Feb 112016
 

A perfect illustration in today’s Seattle Times — and yes, I still read newspapers on dead trees, four a day in fact — how our economy operates today at warp speed. On Page 1, news that in response to competitive pressure from Airbus,  Boeing will be cutting costs and trimming [continue reading . . . ]






Feb 112016
 

I can’t help but think what’s going on in global markets seems like a re-run of what happened in the fall of 2008, when Lehman Brothers failed, banks had to be bailed out and the worst recession since the Great Depression ensued. AP business writer Alex Veiga neatly sums up [continue reading . . . ]






Jan 202016
 

Who would have guessed that incomes are more unequal in Communist China than in the United States? Not me. A new report from Peking University, cited in the Financial Times, says the richest 1% of China’s households own a third of the country’s wealth. The poorest 25% own just 1%. [continue reading . . . ]