Biden is out of the picture, and it is not a day to early. Media has claimed that Biden was functional, that he had gotten better with age and that he should be judged on his achievements, in media compared to those of FDR and LBJ. Anything suggesting he was in decline was a paranoid…
Technology innovations continue to drive workplaces and the market in the U.S. Artificial intelligence is now exceeding the human brain at several cognitive and that it will eventually do things better than even the most expert humans. New AI machines can learn, reason, plan, and act with intention, and they are coming smarter far faster…
In good times and bad, in data stretching all the way back to the 1940s, the money that businesses spend each year typically comprises between 10% and 15% of GDP. Through the second quarter of 2024, spending is right in the middle of that range. Capital expenditures have grown at a reasonably steady clip in…
Global markets have been in turmoil recently since Japan raised its interest rate and moved to positive territory. The Bank of Japan has continued its hawkish rhetoric despite market volatility. The fundamental element for the Japanese economy has not changed though and interest rate hikes in Japan are long overdue. The main reason for the…
The war between Israel and Hamas is getting less and less attention in U.S. media. It is still ongoing though, and it is estimated that at least 39,400 Palestinians have been killed since the start of the conflict in October 2023, many of them children. Israel is determined to crush the terrorist organization Hamas once…
