Digital Deflation : The Productivity Revolution and How It Will Ignite the Economy
| Author | : | |
| Rating | : | 4.77 (687 Votes) |
| Asin | : | 0071376178 |
| Format Type | : | paperback |
| Number of Pages | : | 418 Pages |
| Publish Date | : | 2013-03-04 |
| Language | : | English |
DESCRIPTION:
The book has the intensive, highly technical detail of a doctoral dissertation and is probably too dense for general readers, but those with expertise and interest in the field will find Tanaka's theory stimulating and thoroughly researched.Copyright 2003 Reed Business Information, Inc. From Publishers Weekly Today's world of rapidly advancing digital technology, Tanaka argues, has created a rare phenomenon in the economy: superior products are being delivered to consumers at the same or lower prices than in years past. If the government would combine this phenomenon with fiscal policy reforms and a more accurate cou
Digital Deflation is it--a must read!" --Thomas R. Read it."--Wayne Angell, former Federal Reserve Governor How the "digital revolution" is driving today's economy--and its impact on corporations, government policy, and the stock marketNew technologies have transformed how today's economy works. Edward Yardeni, Chief Investment Strategist, Prudential Securities"Once in a great while, an original and thought-provoking book comes along. Readers will discover:Why inflation declined so dramatically in the 1980s and 1990s, and is likely to head even lower New measures of economic activity and how they will affect policy The laws of digital deflation--how they work and what they mean for corporate decision makers . Eye-opening yet solidly grounded, it explains how low inflation and interest rates, coupled with technology-driven productivity gains, will create massive wealth in the coming decades, and benefit stock market P/E multiples over the long term.Combining insightful analyses with convincing charts and graphs, Digital Deflationprovides a clear understanding of how digital technologies will continue to alter every aspect of business. It's all here, and Graham Tanaka is right on target!" --Lawrence Kudlow, CNBC's "Kudlow & Cramer.""Whether you're bullish, bearish or in between, th
is president, senior investment analyst, and portfolio manager for Tanaka Capital Management and the Tanaka Growth Fund. Graham Tanaka, C.F.A. Tanaka was formerly a research analyst with Morgan Guaranty Trust and a vice president of Fiduciary Trust Company of New York.
"Blue Money Report" according to Paul Petillo. Graham Tanaka was bouncing around the airwaves recently promoting his new book and the silly argument that productivity can be calculated according to the latest GDP. His 120% notion or as he explains it, 1% of increased productivity equals a 1.2% increase in GDP or 120% increase over nothing is a little risky of an assumption. The methodology used is at the heart of what many should begin to look at as a false recovery.Tanaka, who seems like a very nice gentleman and noted economist as well is telling us that . Insightful! Imagine that companies throughout the economy had access to new, better technology every year, and made better products without raising prices - in fact, while cutting prices. Now imagine that the regulators and policymakers used outmoded measurements and models that ignored these quality improvements and this downward price trend. Imagine that the Federal Reserve saw a risk of rising prices even when prices were falling. Imagine that the Fed kept tightening the economy unnecessarily, sending interest rates up,. Doesn't Make Sense Mr. Jones Consider, the Consumer Price Index for all urban consumers is below 2% and the current Fed Funds rate is 1%. Mr. Tanuka suggests that inflation is mismeasured and should be lower, thus the corrected CPI would be -1 to -2%. Of course the fed would counter by decreasing rates putting our economy solidly in a deflationary period. An awful state Japan has endured for years.Would that mean the bank would pay me to borrow their money? Would I have to pay the bank to hold my money? This is left unaddressed.The Europea