Sustained Startup Boom in America

America is experiencing a sustained startup boom post-pandemic, with significant growth in new businesses especially in tech startups and AI. This boom could potentially lead to increased productivity growth and economic benefits.

Impact of abundant labor migration on American employees' wages and the economy

Managing director of the International Monetary Fund, Kristalina Georgieva, discusses how abundant labor coming across the border affects American employees' wages. She notes that while it benefits the overall economy, wages are not increasing due to the influx of labor, leading to flat or declining wages, especially for young Americans facing rising rents. The article also highlights the impact of migration on inflation, productivity growth, and the overall economy.

Productivity Growth and Capital Investment in Rich Countries

Weak capital investment in rich countries has held back productivity growth over the last 15 years, but this trend may be changing. The pathway to higher incomes and standards of living relies on economies deploying their labor forces more productively.

Strength of the Dollar as the World's Reserve Currency

The article discusses the recent rally in US risk assets and the strength of the dollar as the world's reserve currency, highlighting factors such as US economic resilience, productivity growth, technological prowess, and strong returns on US assets. Dollar strength is attributed to longer-term macro factors rather than short-term cycles.