The US Labor Market: Weaker Than It Looks?
[ad_1] The US labor market has enjoyed strong growth over the last several years. Job creation has been robust, and the unemployment rate has fallen more or less continuously since…
Beware the Bubble? The US Stock Market Cap-to-GDP Ratio
[ad_1] The stock market capitalization-to-GDP ratio — the so-called Buffett Indicator — measures the size of the equity markets relative to the economy. Since corporate sector growth depends on economic…
Inflation Will Fall, But Not Far Enough
[ad_1] US inflation has risen rapidly amid pandemic-related lockdowns, supply chain difficulties, and speculation. This jump should ease out gradually as these disruptions diminish over time. Nevertheless, this reduced inflation…
Turkey: The Trouble with Debt-Driven Growth
[ad_1] Turkey has enjoyed strong economic growth over the last 20 years. Unfortunately, much of this expansion has been driven by debt-fueled infrastructure spending. This excessive debt accumulation has had…