Featured commentary, analysis, and ideas from our team.
Results for tag "bubble"

Markets and the Economy: Back to Surreality

The economy is witnessing an unholy trinity of false ideas, weakened institutions, and malign interests converging to stymie its long-term health and resilience.


How Japan’s Past Is Relevant to the U.S.

Today, the U.S. has an asset bubble comparable to Japan’s in 1989-1990, and so how Japan navigated an exit from their bubble can yield stylized insights on what might be in store for the U.S.


With Covid-19, Who Pays the Price?

The West will face some difficult truths as it confronts this health, economic, energy and financial crisis. We will emerge as a stronger, more self-sufficient and humane civilization.


Equity Markets Have Disconnected from the Real Economy

By many measures the U.S. stock market is in a bubble. Valuations need to be justified by growth. Markets have diverged from fundamentals based on current and future expected performance.