Author Archives: Danielle Park

Slowing growth is natural product of debt hangover

Posted on August 3, 2021 by Danielle Park

In 1933, Irving Fisher, one of America’s most influential economists, noted that economic growth declines in highly indebted economies because debt increases current spending in exchange for a decline in future expenditures unless the debt is self-financing, i.e., helping to … Continue reading →

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Inflation and interest rates: all roads lead back to Rome

Posted on July 30, 2021 by Danielle Park

A. Gary Shilling’s excellent August Insight is out today (subscription only); some takeaways can be found in his recent Bloomberg Quint article here: With bond yields, something has to give, here’s the punch line: The yield on the benchmark 10-year … Continue reading →

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Climate challenges for the economy much larger than COVID

Posted on July 29, 2021 by Danielle Park

Some have the fantasy that consumer spending and corporate profits are constrained only by the rate of credit growth…COVID is like a taster plate for the natural world challenges now unfolding for humanity and our economic system. Solutions come in … Continue reading →

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