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More Notes on Trade

Thanks to everyone for the great comments on my (albeit reluctantly offered) “Notes on Trade” post. I thought I should take the time to try to answer some questions and…

Will it Ever End?

…seemingly endless pattern of modest, short episodes of growth followed by period after period of stagnation or contraction. And now it seems that the most recent “boom” in Japan of…

Corporate Caution

…rose just 2.8% — better than the stagnation in the first 20 months of this recovery but far short of the solid income growth that would support renewed vigor in…

…country which is faced with a declining population therefore runs a real risk of entering economic stagnation and – ultimately – decline. The German central bank, the Bundesbank, estimates potential…