For another striking measure of shortfalls in public and private investment, check out the graph below. These are real dollar amounts, not percentages of GDP. In real dollar terms, net fixed investment of all kinds is 20% below where in was in 2005. Net private nonresidential investment is just 12% above where it was in 2007. Net residential investment is 63% below where it was at the peak of the housing bubble, 2006. And net public investment is 39% below. Again, real dollars. These are paltry numbers considering that real GDP is up 36% since the pre-recession peak in 2007. So net private investment is limp, and net public investment is struggling to keep one nostril above water. This has […]
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Diminishing Dynamism
The BLS is just out with the Business Employment Dynamics (BED) release for the first quarter of 2019—not exactly breaking news, but of longer-term...
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Where the Money Goes
We happened to come across some graphs from several years ago by Pavlina Tchernova of Bard College showing the growth in income by expansion...
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Where the Assets Are
The Federal Reserve’s distributional accounts are a combined product of two Fed projects, the quarterly financial accounts, which we review...
Fed Focus
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Longer & Mostly Milder, but Don’t Sneeze
November 19, 2018Rising interest rates probably won’t help the startup series, outlined below, head northward. How does the current tightening cycle stack up against earlier instances? -
Trends in FOMC projections
April 9, 2018We thought some graphs of the FOMC’s projections and revisions would be useful as Chair Powell takes the helm. In a phrase, they’re pretty good when things are -
What Jerome Powell thinks about ‘flation
November 6, 2017Because he was more of a regulator than economist, Governor Powell flew below many radar screens. All that changed when he became a clear contender to be the new head of
TLR in the News
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In Barron’s
March 26, 2020Randall Forsyth culls the attached text: That was despite some backpedaling on Friday, following January’s employment report, which was less spectacular than the -
Randall Forsyth’s IPO Roundup
April 21, 2019Randy Forsyth posted a nice round-up of “high-wire” IPOs in Barron’s on Saturday, quoting some research we published last week: “Wacky IPOs might be -
TLR in WOWS, AKA Welling on Wall Street
January 8, 2019We are happy that the formidable Kate Welling is a long-time reader of our work, and a wonderful friend, and are always pleased when she republishes our stuff, in this
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