... t it, “No one talks about secular stagnation now,” referring to a theory that a chronic deficiency in global demand and economically important innovation will hold down growth and real interest rates ...More
EJ Insight2023-08-18
In just one year, inflation in the United States has fallen from a peak of about 9% to just 3%. Standard economic models suggest that such rapid disinflation would be possible only with a large increa ...More
EJ Insight2023-08-18
... yment. No one expects disruption caused by AI to be minor. According to Goldman Sachs, “generative AI could substitute up to one-fourth of current work” in Europe and the United States, with administr ...More
EJ Insight2023-08-17
... t decade, one could not agree more. Why the bustling nightlife has not returned? The stay-home and early-dinner habits we developed during the pandemic were the culprit but the economics of spending w ...More
EJ Insight2023-08-16
What a difference two years make. In 2021, when interest rates were near zero in the United States and the United Kingdom and slightly negative in the eurozone and Japan, the consensus was that they w ...More
EJ Insight2023-08-16
... ” Indeed, one also must acknowledge ever-present NIMBYism, long-term energy contracts, and other complexities that stand in the way of immediately swapping coal for solar. But nobody is seriously sugg ...More
EJ Insight2023-08-15
... d figure. One is the Covid pandemic, which shut down thousands of businesses, especially private ones and those in the service sector. Many have not re-opened. The second is government crackdowns on s ...More
EJ Insight2023-08-15
... 增持Capital One及西方石油等股；另外減持動視暴雪、雪佛龍、通用汽車等。￭ 美國10年期債息一度抽高6 ...全文
... – as someone else’s fault. The question, of course, is whose. And that question is complicated by the fact that America’s recent bout of inflation had multiple causes. This doesn’t let the Biden admi ...More
EJ Insight2023-08-14
... old-fashioned, Aldous Huxley’s Brave New World. A world of burnout is one where everyday lives feel miserable, chores and work alike feel unbearable, and even loved ones’ whispers and small talk beco ...More
EJ Insight2023-08-14
