Why has the stock market been so strong in recent years? One answer is that Corporate America has never been so profitable. The following graph depicts corporate profit margins since 1947, and you will note that the current reading of 13.2% is 80%...
Many of my posts have bemoaned lackluster productivity growth in the U.S. and questioned the reasons for our poor showing given the large investments that have been made in technology. As a reminder, economic growth is equal to the sum of increases in...
Several of my blog posts and white papers have focused on income inequality which has also generated a lot of ink in the mainstream press. A recent article by John Burn-Murdoch in the Financial Times provides a new and valuable slant on this...
