…the answer to the question posed above. US capital markets are larger, deeper and more competitive than the European capital market(s). Take mortgage lending for example: the US has transformed…
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Generic brands and markets
…markets Trends for generic drugs to watch and GAO report on generics and devices, Shortages of prescribed drugs 2011, Competition in the drug markets 2012, and Drug shortages and markets….
Growth in the Emerging Market Economies
…became clear when Federal Reserve Chair Janet Yellen cited concerns about growth in emerging markets for the delay in raising the Fed’s interest rate target in September. The data show…
Markets Slipping…
…Usually the markets try to hold their value through the holidays, so this slipping in the stock markets is something to watch. When the Dow goes below 17,300, I wonder…
Why Economists Don’t Know How to Think about Wealth (or Profits)
…within-period flows in the markets for newly-produced goods and services — with GDP/value-added at the tippy-top of an immense data pyramid. That’s all they do (admirably, if imperfectly). All those…
The Exchange Rate as a ‘Veil’
…relation to the role that financial markets play in the context of a given country. This is what this post sets out to do, after reviewing the terms of the…
Venezuela and the Next Debt Crisis
by Joseph Joyce Venezuela and the Next Debt Crisis The markets for the bonds of emerging markets have been rattled by developments in Venezuela. On November 13,Standard & Poor’s declared…
Why Economists Don’t Know How to Think about Wealth (or Profits)
…They’re not even close. To be fair, the NIPAs have no pretensions or aspirations to full stock-flow consistency. Their purpose is to depict the within-period flows in the markets for…
A comment about the markets for the average reader
A comment about the markets for the average reader This is a post aimed at the generally Progressive audience of this blog who followed us over from way back in…
Climate change and insurance markets: let’s focus on real solutions, not finger-wagging
…the National Flood Insurance Program. This is indeed a serious problem, and it is a problem caused not by markets, but by misguided government regulation of markets. In a free…
