Chapter 1: The Economy Is Running the Data Is Walking and Trends versus Cycles

Chapters in this book

1. Frontmatter I
2. Praise for That Doesn’t Work Any More V
3. About De\G PRESS Five IX
4. Acknowledgments XI
5. About the Author XIII
6. Contents XV
7. Preface XIX
8. Part 1: Introduction
9. Chapter 1: The Economy Is Running the Data Is Walking and Trends versus Cycles 3
10. Chapter 2: An Approach to Economics—Bottoms Up 11
11. Part 2: Disruption, Culture, and Indexes
12. Chapter 3: Disruptors or Just Progress 19
13. Chapter 4: Cultural Changes Make Economics Change 25
14. Chapter 5: Goodhart’s “Underappreciated” Law and Benchmarking 29
15. Part 3: Math Moves—Remembering That Everything Changes
16. Chapter 6: Means Move—Analyze the Averages 37
17. Chapter 7: Rethink Regressions and Resist Correlations 43
18. Part 4: Big Economic Data Points
19. Chapter 8: GDP—Overrated 55
20. Chapter 9: Unemployment versus New Employment 65
21. Chapter 10: Wages Are Different Now 71
22. Chapter 11: Inflation—Just a Little Bit 75
23. Chapter 12: Interest Rates and Falsehoods 79
24. Chapter 13: Currencies—Chicken and Egg 85
25. Chapter 14: Expectations Theories—Always Changing, Always Relevant 91
26. Part 5: Old Capital, New Capital
27. Chapter 15: The New Role of Capital and Capital Formation 101
28. Chapter 16: International Capital Flows—Increasingly Critical 107
29. Chapter 17: Human Capital—The Real Data to Watch 111
30. Chapter 18: Aristotle, Infrastructure, and Capital 115
31. Part 6: Tonight the Role of Government Will Be Played By…
32. Chapter 19: Government’s Role: Past and Future 123
33. Chapter 20: Government’s Job 129
34. Chapter 21: Funding the Government: Taxes and Debt—Good, Bad, and Completely Lost 133
35. Chapter 22: Expense Management and the Government— A Misnomer? 139
36. Chapter 23: More Gray and Purple, Less Gridlock 143
37. Part 7: Business is Different Now, But It Always Is
38. Chapter 24: Business Structures—Think Again 149
39. Chapter 25: Business Investment—What People Watch and Should Watch 155
40. Chapter 26: Business Cycle Theory: It’s Wrong and Slow 159
41. Chapter 27: Tearing Down and Running Around the Barriers to Entry 163
42. Chapter 28: Incumbents Can Fight Back 167
43. Chapter 29: Food and Energy 171
44. Chapter 30: Supply Chains, Outsourcing, and Innovation 177
45. Chapter 31: Measure of Trade 183
46. Chapter 32: The Invisible Consumer: Customer Retention, Big Data, and Customer Service 189
47. Part 8: Value, Volatility, Uncertainty—Different Arrangement but the Song Remains the Same
48. Chapter 33: Value 197
49. Chapter 34: Volatility and Risk Measures—A Point of View 203
50. Chapter 35: Uncertainty—The Opportunity 209
51. Part 9: Random Ramble and Concluding Topics
52. Chapter 36: New Industries and What to Do about Them 215
53. Chapter 37: Emerging Economies—New Paths 219
54. Chapter 38: Socially Responsible Investing and Environmental, Social, and Governance Factors 223
55. Chapter 39: Trends, Data, Correlations, and a Few Other Things—Again 227
56. Chapter 40: Never Close Your Eyes or You Will Miss Something 231
57. Index 237