HEDGED.BIZ

A look at economics, markets, finance and the irrational human being

Peak Corporate Profitability. Labor's Share of Profits. Intellectual Property.

It is difficult for an individual to hold, accumulate or acquire intellectual property directly. Storage capacity is one issue. At best an individual can hold or acquire the last mile of the intellectual property chain. The most practical way for an individual to own intellectual property is through ownership of a company or business. (Higher
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THoughts about Asset and Goods Price Inflation. Explaining Stock and Bond Market Performance under QE.

There is more to MV=PQ than meets the eye. Central banks can expand M but this does not mean they can expand MV. V can always fall to compensate for the increase in M, as has happened for most of the period 2008 – 2014. The maintenance or expansion of V is dependent on a
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Bank Regulation Investment Theme.

One of the most interesting and rewarding investment opportunities currently available trades on the reform of the banking sector. We live in a world where, unfortunately, pragmatism has for too long trumped ideology. This lack of a guiding philosophy had led banks to myopia and to overreach themselves resulting in over-levered balance sheets and inappropriate
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Quantitative Easing and Taper in the Context of Debt Monetization.

  If we stop thinking about QE as an expansionary policy but rather as a treasury refinancing operation and debt monetization, the behavior of the Fed becomes clearer. For one, the Fed surely understands that without reducing the banking system’s reserve requirements, the money multiplier and the velocity of money cannot accelerate and thus asset
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Population Distribution. Labour Mobility. Storage and Transport of Labour

Current economic wisdom is that geographical labour mobility is an almost unqualified positive and an inalienable right. This should not go unquestioned.
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