Geoeconomics

In a world connecting in new ways, it logically follows that some nations are working with great clarity and unity to make use of these connections for political goals. It is also reasonable that new tools for connecting the methods and message of these tools can be found to increase understanding and transparency for this process.

The book War by Other Means: Geoeconomics and Statecraft by Robert D. Blackwill is important for many reasons, primarily in how it describes how economics can be used to move forward the political goals of developing nations. It is, however, very dense and at times difficult to follow. It is also, as its title suggests, centered on the Industrial National model of a previous generation.

Thank goodness the most relevant parts of this have been brought forward in a fabulous youtube production that is less of a TED talk and more of a quick graduate class.

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What is “Productivity?”

Nine years ago, January 2010, was the bottom of what I’ve come to call the Managed Depression.  Here is a piece from that time which is still relevant.  At that time, we were awaiting a “recovery” and hoping for productivity gains to get us out of it.  But they didn’t.  And the core issues outlined here remain.

What would make a recovery sustainable?  If you ask an economist, they’d tell you that what makes any economy grow and prosper is, ultimately, what they call “productivity gains”.  That’s the ability to make more with less that allows a people to prosper.  During the 1990s this was given as the reason why interest rates could remain low and we could have one Hell of a party – a sloppy, hazy bender.  We live in the hangover that resulted, but have we really learned how intoxicating this one, simple idea is?

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Building Trust

A high technology world is a world fundamentally based on trust. The lack of this is currently the single largest issue, defining politics within and without national borders.

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What is a Bear Market?

We recently stated that this is a “Bear Market.” So what does that mean?

It’s not all that scary, at least not once the market really settles into bear territory. In fact, it can be a great time of opportunity for many investors, particularly away from stocks. It’s worth spending a moment contemplating what a bear market is and why it’s important.

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It’s a Bear Market

I hope everyone had a good Christmas. I’ve been slow to write about the stock market for two reasons. The first is that it would ruin the holiday cheer, and the secondly this is a long developing story that I have written about for a year now and will probably write about for the next year.

But we’ve reached an important threshold. It’s now down 20% off the peak, meaning that we are in a Bear Market. We haven’t been in one for a decade, and there hasn’t been a nasty one for at least two decades, so let’s run down what that means.

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