Operating at the Intersection of Technology and the Capital Markets
Tag: productivity
The punchline is that a significant percentage of new money creation over the past year was allocated to non-productive use cases. "Helicopter" money to individuals and non-performing firms are two examples. When capital is deployed for non-productive use (acquiring cryptocurrencies for example), that capital invariably bids up prices causing asset price inflation. Conversely, recipients that … Continue reading Rewarding Non-Productive Activities with New Money Leads to Price Inflation
The U.S. Bureau of Labor Statistics ("BLS"), publishes the Labor Participation Rate each month. The Labor Participation Rate accurately reflects the state of labor in the United States. The same government agency also publishes the Unemployment Rate each month (due Friday June 4th). We view the latter as a Government marketing metric as it significantly … Continue reading Labor Participation Outlook: June 2021Premium
Check out our podcast on the topic at the SoundCloud link below. Look for the TEK2day Podcast on Apple, Spotify, Stitcher and Google Podcasts. https://soundcloud.com/ceorater/ep-371-moral-hazard-is-infecting-the-capital-markets
We compare COVID-19 to influenza and estimate that the U.S. economy could suffer $60-100 billion in lost wages due to COVID-19. We used the CDC's data for the 2018-2019 flu season as a proxy to calculate our COVID-19 estimates. (see our PDF report HERE. Request Excel file at jmaietta@TEK2day.com).We focused our efforts on the 18-49 … Continue reading COVID-19: $60-100 Billion In Lost Wages
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