Storm clouds for 2020

Woody Brock | SED | 25 October 2018

In recent years, we have advanced a number of unorthodox views about the end of classical business cycles, the diminished impact of interest rates on Main Street as opposed to Wall Street, and the reasons for the 30-year disinflation that has shocked virtually everyone. We believe that our views have been vindicated by developments here in the US and overseas.

Against the background of an economy transformed by these developments, this paper asks: Will the current ...