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It is quite plausible that the process of increased fragmentation of production across borders is subject to ‘diminishing returns’ and has its natural limits.

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Jerome Powell

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The financial crisis and the Great Recession left firms with excess capacity, reducing incentives to invest. If businesses expect slower growth to continue, that will also hold down investment.

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I work by instinct. You never hear anything new; when you hear advice that makes sense, it’s something you already know.

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May 3, 2024

I work by instinct. You never hear anything new; when you hear advice that makes sense, it’s something you already know.

Previous

May 3, 2024

The financial crisis and the Great Recession left firms with excess capacity, reducing incentives to invest. If businesses expect slower growth to continue, that will also hold down investment.

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