Tag Archives: economic growth
There are few things that destroy an economy as thoroughly as deflation. When prices are expected to fall, spending is delayed. As spending is delayed, prices fall further. In a heavily indebted economy, the real cost of debt goes up. … Read more
Being comfortable with uncertainty, being prepared, and not being overconfident are essential life skills.
It is no coincidence that these skills serve as strong investment principles and help us look at the markets and economy with a healthy dose of … Read more
The current employment rate really doesn’t truly represent the amount of slack in the economy, Chief Economist Joe Davis says.
I learned early in my life that humility is an important virtue regardless of the endeavor. Receiving the occasional B when I had expected an A or enduring a loss when my team was a heavy favorite taught me that … Read more
In the great inspirational movie The Shawshank Redemption, Tim Robbins plays Andy Dufresne, a man facing seemingly impossible odds: Wrongly imprisoned for life, former banker Andy has only the books in the paltry prison library, his love of carving … Read more
Joe Davis and Andy Clarke collaborated on this post, the result of a conversation about research that Vanguards Investment Strategy Group has conducted on the adoption and economic impact of “great ideas.”
Vanguard Chief Economist, Joe Davis looks at economic growth trends and what they might mean for the future.