Though the connexion is not always explicitly drawn, one obvious corollary of the perceived current shortfall in corporate investment spending is to be found in the lacklustre nature of the gains being recorded in something called ‘productivity’. This latter deficiency is often said to have ‘puzzled’ the Good and Great who presume to be able […]
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There are signs that not only is money beginning to circulate more rapidly through cash registers everywhere, but that Corporate America is beginning to make good some of its recent, much-cited lack of physical investment and, conversely, is starting to eschew some of its contemporary over-indulgence in financial engineering. It may be early days to […]
The old adage that ‘the market must climb a wall of worry’ – i.e., that the best bull runs take place to the accompaniment of a swelling chorus of doubters – seems to have taken on a broader application in the economy at large where everything and anything which can be negatively construed currently calls […]