Secular Stagnation and Equity Markets - An interesting piece
from Yale’s Robert Shiller:
Profit Taking?
http://www.nytimes.com/2014/10/17/upshot/heres-what-to-say-when-you-dont-know-why-the-stock-market-fell.htmlSaturday, October 18, 2014
Thursday, October 16, 2014
Wednesday, October 15, 2014
Bill Gates on Piketty’s ‘Capital in the Twenty First Century’
A decent review of an economic treatise on inequality by one
of the world’s richest men:
Monday, October 13, 2014
Global Economy Update
Robert J. Samuelson of The Washington Post has an interesting piece on the fragile global economy
Excellent Choice for 2014 Nobel Prize in Economics
France’s Jean Tirole has been awarded this year’s Nobel
Prize in Economics. His contributions to Economics are immense. His
textbooks alone have shaped the thinking of an entire generation of Ph.D. students
in economics ((The Theory of
Industrial Organization (1988), Fudenberg and Tirole’s Game Theory (1991); and, The Theory of Corporate Finance (2006)).
Did Japan Make a Mistake with its Sales Tax Hike?
The first stage of the sales tax hike (in April 2014, Japan's national sales tax was hiked from 5% to 8%) has clearly harmed near-term economic growth prospects. There are fears that the second stage of sales tax hike (projected to raise sales tax to 10% in October 2015) may be a bit too much:
http://online.wsj.com/articles/japans-decision-on-increasing-sales-tax-to-resonate-globally-1413148890
http://online.wsj.com/articles/japans-decision-on-increasing-sales-tax-to-resonate-globally-1413148890
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