Tag Archives: trade

Quarterly Outlook Summary

Our accounts have been performing very well this year largely due to two of our major holdings, Amazon and Oclaro. While these began as quite modest positions, they have grown sufficiently that they are both quite large in our standard … Continue reading

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Quarterly Outlook Summary

The economy continues to grow. Unemployment is low and interest rates remain at zero. On the downside, labor force participation is the lowest since the 1970’s and continues to decline. Unemployment is declining because prospective employees have stopped looking for … Continue reading

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Why Deficits Don’t Matter.

by Bob VeresOctober 29, 2013 The whole idea that we should control the deficit at all is costing our nation trillions of dollars in lost output. The result is lost income, savings, wealth and prosperity. “As a society, we don’t … Continue reading

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How Austerity Has Failed.

by Martin WolfThe New York Review of Books Austerity has failed. It turned a nascent recovery into stagnation. That imposes huge and unnecessary costs, not just in the short run, but also in the long term: the costs of investments … Continue reading

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Protectionism beckons as leaders push world into Depression

by Ambrose Evans-PritchardOctober 3, 2011 The world savings rate has surpassed its modern-era high of 24pc. This is the killer in the global system. It is why we are at imminent risk of tipping into a second, deeper leg of … Continue reading

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Economy Needs More Demand.

by Adam Hersh July 29, 2011 Three and a half years since the Great Recession began, the U.S. economy remains $56 billion, or 0.4%, below its pre-recession peak. Revised data show that the U.S. economy ground to a halt in … Continue reading

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