A Higher Inflation Regime?
GDP Party in Full Swing
The U.S. economy is humming along at a great pace right now. Corporate earnings are up an impressive 24% versus a year earlier, and a larger number of companies are beating earnings estimates than normal (80% of companies that have reported second quarter results beat estimates, the highest reading since FactSet began tracking the measure). […]
A $500 Billion Tax
Did the title grab your attention? As I write this article the sun is shining, there’s not a cloud in the sky, it’s the ides of April, and the 90th day of Alaska’s statutory legislative session. It’s enough to make a formerly-young-man’s thoughts turn to taxes. However, I’m not thinking about federal taxes (more on […]
A “Regional” Main Dish with a Pair of Economic Sides
The Main Dish… Everybody knows that we are a huge state; if Alaska were a country we’d be the 18th largest country in the world by land mass sitting right between Iran and Mongolia. If you prefer more familiar examples, we’re about the same size as France, Germany, Spain, Switzerland, the low countries, and […]
Update on Recent Market Volatility
Even with the portentous headlines amid the recent volatility, Alaska Permanent Capital remains cautiously optimistic. Our team has summarized the current market volatility, placing some context around this short-term decline in stock prices. Why Alaska Permanent Capital is Cautiously Optimistic Now: Global economic data continues to point to a broad economic expansion that began in […]
Pursuing the Holy Grail of Economic Development
The travel bug bit me in November 1989 when I participated in a cultural exchange with the students from the former Soviet Union. I don’t know exactly when the bug bit me, but it was somewhere between stepping on board the Finnair DC-10 at JFK, that imposing Soviet border guard telling me he liked my […]