Previously published on July 11, 2014 on NewGeography.com Part two of a two-part report. Read part 1. The problem with analyzing California’s economy — or with assessing its vigor — is that there is not […]
Read morePreviously published on July 10, 2014 on NewGeography.com Part one of a two-part report. California is a place of extremes. It has beaches, mountains, valleys and deserts. It has glaciers and, just a few miles […]
Read moreThe “New Normal” is a phrase coined a few years ago by the Pacific Investment Management Company (PIMCO), or at least that’s what they claim. It referred to a lengthy period of slow economic growth […]
Read moreIn 1873, Karl Marx published the first volume of his magnum opus Das Kapital (“Capital”, in English) which purported to describe the dynamics of a capitalist economy. Although I have never studied Capital sufficiently closely […]
Read moreYale University boasts one of the most successful endowment funds in the country, and maybe the world. The Yale fund (“the fund”) has outperformed 99% of like funds for the past two decades. The manager […]
Read moreThe bankruptcy rate for professional athletes just a few years from retirement is extremely high. To take one example, 60% of NBA players are reported to become bankrupt within five years of retirement from the […]
Read moreI have suggested that people would be better off if they massively increased their savings rates. The aggregate Personal Savings Rate (PSR) is defined as the difference between disposable (after-tax) income and consumption spending. It […]
Read moreThe U.S. Bureau of Economic Analysis (BEA) released their first estimate of the fourth quarter 2013 Gross Domestic Product today. The estimate indicates that the economy grew 3.2 percent in 4th quarter. This followed a […]
Read moreDeclining underwriting standards for mortgage loans played a major role in the housing boom and bust that culminated in the financial crisis of 2007-2009. During the housing boom in the years preceding the crisis, housing […]
Read moreWinners of the 2013 Nobel Prize in Economics are three professors – Eugene Fama, Robert Shiller and Lars Peter Hansen – who collectively pushed forward economists’ understanding of asset prices. Fama invented the efficient market […]
Read moreThis article was written by Bill Watkins and previously published on New Geography on November 12, 2013. Jerry Brown is supposed to be a different kind of politician: well informed, smart, slick, and skilled. While […]
Read moreThe key to sustainable wealth is to tie your level of consumption spending to the product of your total wealth (including financial wealth and human capital, or the present value of future net income) and […]
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