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BIS Slams the Fed; Ridiculous Question of the Day: "Is The Fed Going To Attempt A Controlled Collapse?"

MishTalk

Historical evidence shows that this rarely happens following a balance sheet recession. The drop in construction spending is a necessary correction of previous overinvestment and is unlikely to be entirely reversed. In crisis-hit countries, it is unrealistic to expect the level of output to return to its pre-crisis trend.

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7 Skills That Aren’t About to Be Automated

Harvard Business

Today’s young professionals grew up in an age of mind-boggling technological change, seeing the growth of the internet, the invention of the smartphone, and the development of machine-learning systems. The most basic form of communication is constructing a compelling story. John Fedele/Getty Images. In a world where U.S.

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Stop Focusing on Profitability and Go for Growth

Harvard Business

Bain & Company’s Macro Trends Group carefully analyzed the global balance sheet and found that the world is awash in money. Global capital balances more than doubled between 1990 and 2010 — from $220 trillion (about 6.5 Yet the same crisis ushered in a new age of capital superabundance. times global GDP).

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You Don’t Need to Be a Silicon Valley Startup to Have a Network-Based Strategy

Harvard Business

But platforms and networks can be developed in many different ways. But most successful companies used electricity and motors to reinvent their existing businesses, whether in manufacturing, transportation, or construction. Retailers like Walmart and Macy’s manage a supply chain, buying and reselling their own inventory.

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Reflections on "Uncertainty"; Yellen Expects Rates Hikes but "Uncertain" about Growth, Jobs, Inflation, Wages

MishTalk

It appears a number of times (in various forms) in Fed Chair Janet Yellen's speech on Recent Developments and the Outlook for the Economy at the City Club of Cleveland, Cleveland, Ohio. Businesses are holding large amounts of cash on their balance sheets, which may suggest that greater risk aversion is playing a role.