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First, De Backer is a first-rate live performer at a time where concert revenues are the only reliable income for musicians.
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Much of that feeble growth will come from a turnaround in the inventory cycle as companies stop de-stocking at the scary rate that exacerbated the recession in 2009.
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In Rio de Janeiro the vacancy rate for high-end office space is 3.4% (versus 7.2% in Manhattan).
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In the case of Italy, the yield or de facto interest rate on its five-year debt went through the punitive and unaffordable 7% threshold again early this morning and is now a high 6.9%.
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Mundell is proposing, in effect, a de facto super-regional currency area by managing the exchange rate between the dollar and the euro through a process of central bank coordination.
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Throw out all of the 1960s and early 1970s de rigueur stuff you were force-fed back at Harvard: Samuelson, Okun gaps, interest rate parity, etc.
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Decision Economics, Inc. (DE) undertook an economic study to examine the potential effects of various scenarios where the legislated tax-rate increases on income, dividends, capital gains and social security take place.
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