Larry's Blog
Four Concerns
April 22, 2013
The Mounting Reliance of Developed Economies on Intelligence-Intensive Growth. A developing economy can accelerate its rate of growth by combining under-employed labor with imported technologies that boost their productivity (the amount of product or service that can be made in a finite period of time worked). More workers using the same tools produce more output. […] More
New Overnight Developments Abroad - Daily Update
Weaker Yen and Stronger Share Prices after G20 Meeting
April 22, 2013
G20 central bank governors and finance ministers gave rubber-stamp approval to Japanese stimulus policies. See my review. Japan’s Prime Minister Aso said as much. The yen touched overnight lows of 99.90 per dollar and 130.70 per euro. Share prices in the Pacific Rim rose by 1.9% in Japan, 2.4% in the Philippines, 1.0% in South […] More
