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Demand Begets Demand

This concept was the basis for the statement “a rising tide lifts all boats” which, according to Wikipedia, is the idea that an improving economy will benefit all participants, and that economic policy, particularly government economic policy, should focus on broad economic efforts. The phrase is commonly attributed to John F. Kennedy, who used it […]

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Avoiding Risk is Not a Proper Strategy

The day after the election, the S&P 500 index rallied about 2.2%.  If you had $100,000 invested in the S&P 500 index, your portfolio would have appreciated $2,200 on that day.  On the other hand, the yield for a current 5-year brokerage CD is 0.5%. If you invest $100,000 in this CD, the total return […]

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We Have A Population Problem

In our blog of 9 Oct 2020, (Productivity: The Key to Economic Growth), we commented on the importance of productivity, defined as economic benefit per worker.  Historically, the U.S. has done a relatively good job regarding productivity.  Moreover the increasing adoption of direct human/robotic interaction, as discussed in our blog of 15 Oct 2020, (Cobots), […]

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Shovel Ready Meets NIMBY

It is generally accepted that the U.S. has a significant infrastructure problem.  Addressing this problem has the potential to provide a significant number of jobs and be an important part of an economic recovery.  Politicians on both sides of the aisle have periodically called for supporting infrastructure projects, particularly those that are “shovel ready”.  Investopedia […]

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When They Make It, Will We Take It

It is clear that the world is racing to develop coronavirus vaccines.  While pinpointing a date is speculative, it is likely that substantial progress, and perhaps FDA approval, will come during the first half of 2021, with widespread availability before the end of 2021.  The big unknown is, to what extent people will step up […]

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Herd Immunity

As the world struggles to identify potential solutions to Covid-19, herd immunity appears to be the most promising opportunity to mitigate some of the worst effects of the pandemic.  According to Wikipedia, “herd immunity is a form of indirect protection from infectious disease that occurs when a large percentage of a population has become immune […]

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