Pork Cycle Logic

Every economist knows that there is a delay between an investment decision and the time it is delivering results. And when things look good, investing seems the right thing to do. So if prices of pork are high, pork producers all want to profit from it and start to invest in their pork production capacity.…

We Need More Arsonists

Clearly we were wrong about why robots are so hot today. We thought that since robots are so superior in terms of speed and precision when it comes to executing routine tasks they are regarded by businesses as excellent replacements for an increasing number of factory and desk jobs. As of late they can also…

Hiring and Firing

2014 was not a great year for ICT investments. Our initial findings show that ICT spending grew, but not by much (between 1% and 1.5%). The low growth is in line with our meager economic performance but also caused by the negative growth rate of the telecommunications sector. Services +3% and Software +5% make up…