As the economic slump that began in 2007 continues, the question persists: Why? Unless we have a better understanding of the causes of the crisis, we can’t implement an effective recovery strategy. So far, we have neither.
We were told that…
Hmmmm. Now that Goldman is bullish, guess that means everything is comin’ up roses…
From the just distributed email to clients:
The US growth outlook has brightened significantly in recent weeks. As a result, we have raised our sights for 2011…
(be forewarned, this is a long post)
Thesis:
Economic growth and the excitation of ‘animal spirits’ can only occur in a supply constrained environment.
What the supply/demand balance looks like through the seasons of Kondratiev:
Spring comes when t…
