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Macro Thoughts

Analysis, Ideas and Reflections on Macroeconomic Topics

Articles: 1-10 / 357
 of 36

Demographics & long-term growth

Demographics is not destiny, but it can set parameters.

Kim Catechis, Investment Strategist, Franklin Templeton Institute
Franklin Templeton Institute, 28 July 2023

A regime change for Japan?

Japan has been in deflation for years, but a regime change in inflation finally may be emerging. We consider the implications for monetary policy, government bonds, and the yen.

Carol Lye
Brandywine Global, 8 August 2023

The Price of Time: The Real Story of Interest

In the beginning was the loan, and the loan carried interest. For at least five millennia people have been borrowing and lending at interest. The practice wasn’t always popular—in the ancient world, usury was generally viewed as exploitative, a potential path to debt bondage and slavery.

Edward Chancellor
Atlantic Monthly Presss, August 2022

The Death of Alexander the Great

After his death, the military fought for control over the land Alexander had conquered and this, combined with the silver Alexander had brought from the Middle East, led to one of the first inflations in history.

Dr. Bryan Taylor, Chief Economist
Global Financial Data, August 7, 2023

Three Colliding Macro Trends

It’s ironic that I had planned this column a couple days ago and started writing it yesterday…because the very concerns I talk about below are behind the overnight news that Fitch is lowering its long-term debt rating for US government bonds one notch to AA+. That matches S&P’s rating (Moody’s is still at Aaa).

Michael Ashton, CFA, Managing Principal
Enduring Investments, August 2, 2023

Peeling back the onion: A concentric approach to investment decision making

Portfolio Managers Greg Wilensky and Jeremiah Buckley offer a framework for interpreting economic news for investment decision making.

Greg Wilensky, Head of U.S. Fixed Income, Portfolio Manager; Jeremiah Buckley, Portfolio Manager
Janus Henderson Investors, 19 July 2023

The Rise and Fall of the German Stock Market

"It is interesting to compare the performance of the German and Austrian stock markets between 1845 and 1914. Between 1845 and the 1880s, the two markets behaved similarly, in part because corporations in Austria listed on German exchanges and vice versa. The first stock to list on the Frankfurt exchange was the Austrian National Bank."

Dr. Bryan Taylor, Chief Economist
Global Financial Data, July 17, 2023

”Did Lockdowns Work? The Verdict on Covid Restrictions

”Our conclusion is clear: the world was sold a bill of goods about lockdowns. Covid lockdowns represent the biggest policy mistake in modern times.”

Steve H. Hanke
June 2023

Milton Friedman on the fallacy of interest rates and monetary policy

Excerpt / Quote

Milton Friedman
Hoover Institution, Hoover Digest: Reviving Japan, April 30, 1998
Articles: 1-10 / 357
 of 36