Global Insights, Leadership, Risk Management

The Case for Low Interest Rates, Lower Taxes, and More Babies – Deflation!

7 Sep , 2017  

The economists and central bankers of the US Federal Reserve have a perplexing challenge. The US economy has picked up in terms of GDP growth, but inflation is below the Goldilocks target of 2%. How could economic models be wrong? What, if anything, has changed? It has spurred a serious discussion that suggests that US economy operates differently now. I think the answer is obvious – DEFLATION! We have deflation, just not in an absolute form. We have deflation in the economy like you might have bugs in your house. They are not everywhere, just in places. Overall, the house is mostly clean, but there are some bugs.

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Big Data and Analytics, Global Insights, Leadership

10 Maps and Charts that Explain Our Country: Society, Economy, and Prosperity in Focus

29 Nov , 2016  

The 2016 Presidential election has revealed, in part the dramatically different plights and outlooks of Americans. I believe these differences are rooted in social-economic realities that are not obvious to many of us living in prosperous bubbles. I have assembled a set of maps and graphs that help us understand these drastic differences. In the […]

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Career Advice, Global Insights, Leadership, Risk Management

The Data on US Debt: Measurement and Management

19 Oct , 2016  

“If you can’t Measure it, you can’t Manage it. ”   – W. Edwards Deming Each year, as a service to our students here at Northwestern University, I hold a special session showing new graduates how to make a personal financial plan. If you are not measuring your personal finances, you are not managing your personal finances. […]

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