Pulse


Post-Pandemic, a Strong Expansion Needs Less Personal Saving or More Government Spending

For two generations, economists and other custodians of financial propriety have chastised Americans for not saving enough. Getting the public to pay attention took a pandemic. Facing a real possibility that COVID-19 and the resulting economic havoc might leave them unable to pay their mortgages and feed their families, moderate- and middle-income Americans began saving as much as they could—and are now socking away now perhaps too much to support a healthy expansion for the U.S. economy as a whole.

Anticipating Anomalies in Global Supply Chains

A webinar organized by Foreign Policy with experts from both the public and private sector. The panelists included Dr. Kelly Fletcher, Bob Kolasky, Brittany Masalosalo, Col. (ret.) John Mills, and journalist Maggie Lake as the moderator. It was a wide-ranging conversation on assessing the current state of global supply chains while coexisting with the COVID-19 virus.

EconVue Spotlight May 2021 - Two if by Sea

In 2006 economist David Hale wrote a special report for his clients "Will China Need a Blue Water Navy?" He reasoned that due to China's growing dependence on imported commodities, Beijing would begin to project military power in order to protect its trading sea lanes, just as other world powers have done over the centuries. I will quote two paragraphs:

China's Bid to Dominate Electrical Connectivity in Latin America

This article looks at how Chinese companies have made significant advances in the generation, transmission and distribution of electricity across the Latin American region. 

Healthcare Hypocrisy

This month’s song is our riff on Joe South’s 1969 megahit “Games People Play.” It’s a song about posturing, bravado and hypocrisy. It describes people who are “Never saying what they mean now. Or meaning what they say.” Our version emphasizes the need for healthcare companies to stop playing games and offer American fair, transparent and high-value healthcare services.

In his book, Winning the Story Wars, author Jonah Sachs brings America’s original marketing wizard to life. John Emory Powers had these three commandments for successful marketing campaigns: 

Powell Is Unlikely to Be Renominated as Fed Chair

Next Chair Will Share Ultra-Dove Outlook, But the Data Will Force Faster Policy Normalization

Once upon a time, the chairmanship of the Federal Reserve was a lifetime appointment. Or so Alan Greenspan made it seem. Like J. Edgar Hoover at the FBI, “Maestro” Greenspan rode out changes in presidents and parties effortlessly for decades. Greenspan did not even have to blackmail anyone (that we know of…). Those days are gone.

A Yawing Moment? EconVue Spotlight - April 2021

Images of the Ever Given container ship stuck in the Suez Canal have been ubiquitous over the past week.  Less discussed is the physics behind the accident. Most probably the culprit is something called the bank effect, the tendency of the stern of a moving ship to swing towards the near bank when operating in a constricted waterway, influenced by a host of factors but preceded by a "yawing moment" as the bow moves laterally.

March Employment: Exceptional Results on (Almost) All Fronts

In like a lion, and out like an even bigger lion. March jobs and vehicle sales surprised to the upsides, even for those (such as FMI) who were expecting well-above-consensus gains. FMI is still expecting +6% real GDP growth for 21Q1 and +10% for 21Q2.

Employment (March)

Allison Herren Lee, from Trump appointee to new face of regulatory ESG push in Washington

SAN FRANCISCO (Callaway Climate Insights) — The ESG investment phenomenon is reframing financial markets at pace in the face of a post-pandemic landscape, yet U.S. regulators are only now beginning to publicly embrace the critical importance of sustainability disclosure to market accountability.

There are indeed glimmers of a new path forward for ESG disclosure rules in Washington. This is remarkable in and of itself in that these inklings are in sharp contrast to the last four years of Trumpian “American First” mentality, including at the SEC.

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