Economics

Recession Outlook Update

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Executive Summary Recession outlook: an update.  The U.S. market remains locked in a tug-of-war between rising interest rates and rising earnings.  The market is about unchanged this year after a great deal of fluctuation.  After several recent prominent earnings reports...
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September 02, 2016

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The Real Source of Wealth A decade ago, the World Bank published a study exploring the wealth of the world’s nations — specifically, trying to tally that wealth and identify where it resides.  (Interested readers can find it here.)  In...
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May 26, 2016

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Executive Summary 1.  Ordinary people aren’t very ordinary.  Professor Deirdre McCloskey’s recent piece in The Wall Street Journal got us thinking about the roots of western prosperity — and suggested that current nervousness about populist movements around the globe may...
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