The report accepts costs need to be reduced and that will require a massive effort. It says more R&D, and, importantly, getting the market activated to generate experience with production processes.
This is not that bear market, this is a bull market correction. The reason we know this is not a bear market is that we have two tests.
The remarkable thing is just how dependent State Governments have become on property taxes – chiefly stamp duty on transfers.
Romer’s analysis begins with the insight that innovations are based on ideas and an intrinsic characteristic of ideas is that they are non-rivalrous.
The WSJ analyzed 50 companies, finding that they spent a combined $2 billion more than they generated in the second quarter.
A combination of real wage growth, targeted land release, and reforms to negative gearing and capital gains concessions would deflate median prices.
■ The Fed tells us that the US growth this year will be higher at 3.1% but rates will still peak at 3.4% in 2020.
One issue is that toilet paper is subject to GST despite being a hygiene product.
Once upon a time, renewables were touted as a way of preventing extreme depletion of scarce fossil fuels that would drive their prices to destructively high levels.
To be sure, charging infrastructure and range are still key concerns in consumers' minds regarding EVs.
Power prices are not an issue that should ever have become hostage to politics, and they are not one that will be ignored in an election campaign.
The outages from Iran are worse than most analysts expected, and bottlenecks in the US shale patch could prevent non-OPEC supply from plugging the gap.