Monthly Archives: April 2014
Is This What a Credit Bubble Looks Like?
There’s been some buzz recently about a pick-up in business lending. The six largest banks increased business loans at an average annual rate of 8.5% in the first quarter, according to a Wall Street Journal report last week. Other first … Continue reading
Bulls vs. Bears: Some Profit Margin Stories Are Better Than Others
[M]argins have been rising smartly–faster than Greenspan can ever recall. His only explanation: productivity… Greenspan argues that the U.S. is undergoing a productivity revolution not seen since early this century… In the longer term, he’s betting that as the world … Continue reading
