Tag Archives: business cycle

WSJ Misinterprets Its Own Data to Demonstrate Companies Are Spending Too Little on Capex, too much on Dividends & Buy-backs

To its credit, the WSJ did some serious quantitative work in an effort to determine whether Blackrock’s Larry Fink is correct that companies are paying out too much money to shareholders while starving capital investment. Fink is right, the Journal … Continue reading

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“The private sector is doing fine. Where we are seeing weaknesses in our economy have to do with state and local government . . .”

Let’s put President Obama’s notorious observation in some historical context. The table below shows the level of employment in the total economy, the private sector, and the government sector, all indexed to 2007 = 100.  Between 2007 and 2010 private … Continue reading

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