Month: August 2022

The Bear’s Lair: Creating an Innovation Economy

The Financial Times this week had a lengthy piece “When the tech boom met reality” detailing how truly galactic levels of venture capital funding have produced little innovation and are now leading to truly galactic levels of losses. It is now clear that the “all point in one direction and throw money at it” approach […]

The Bear’s Lair: Decade of Economic Denial

The 0.9% decline in U.S. second quarter GDP Thursday brought an immediate denial from the Biden administration that the United States was in a recession, following similar denials that inflation was persistent and that high oil prices were due to restrictions on U.S. pumping. As this column has frequently forecast, the 2020s will be a […]