It’s been a while since we looked at net investment in the US, and we weren’t surprised to learn that the basic story hasn’t changed. Private investment is only a bit ahead of depreciation, and public investment even less so. So far in 2022, net fixed investment by the private sector has been 2.1% of GDP, which is also its average so far for the decade. As the graph on below shows, that’s about half what it was from the 1960s through the 1980s and is only slightly above what it was in the 1940s, the decade when civilian investment was squeezed to supply war needs: Low levels of net private investment aren’t driven by declines in gross investment, which […]
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Swans of Our Waters
The tundra swans that breed in the western arctic migrate thousands of miles to our west coast, gracing the skies and waters of California and...
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Bring on the Solopreneur
Details on establishment formation from yesterday’s Quarterly Census of Employment and Wages show an acceleration beginning in 2020Q3, accompanied...
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We’re Not All Theme Parks
Regional Economic Models Inc. recently hosted two webinars showcasing uses of their models in valuating two specific resources in Florida. In...
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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