Why U.S. Productivity Is Lower Than Previous Business Cycles? The real yield is the most important measure of financial tightness. But as the real yield is near zero, artificially low interest rates are then associated…
Ray Dalio, Founder and Chairman, Bridgewater Associates In this video at Stanford Graduate School of Business, Ray Dalio discusses his life and career, principles, relationship, conflicts with other nations, increasing wage gap in the U.S.…
Why Demand For Saving Deposits Has Weakened Since The Great Recession? Because risk aversion is declining, like money demand, even if interest rates are rising. This explains in part the rise of the US stock…
Why a Low or Negative Equity Risk Premium Coincides with a Temporary Market Peak? Because it pushes investors into bonds rather than equities. This was the case in 1973, 1981, 2000, 2007 and 2018 before…
Real GDP Increased Moderately Compared to Previous Business Cycles Even if we are currently in a late cycle, history helps us to predict the future and this cycle should not end immediately. Each line begins…
