Clark Center Forum

About the Clark Center Forum

The Forum for the Kent A. Clark Center for Global Markets is home to the European, Finance, and US Economic Experts Panels as well as a repository of thoughtful, current, and reliable information regarding topics of the day.
Europe

Defense Spending

Question A:

A substantial increase in defense spending largely funded by government borrowing would deliver a measurable boost to economic growth over the next five years.

Question B:

Increasing public investment in defense R&D would generate substantial technological spillovers and productivity gains in addition to the boost to national military capabilities.

Question C:

The market power of defense suppliers substantially raises procurement costs without adding to military capabilities.

 
Finance

Tax Alpha Investment Strategies

Question A:

Aggressive use of tax alpha investment strategies that use long-short strategies to enhance loss realization, as well as accounting treatments that allow generation of losses that can offset ordinary income, offers substantial additional returns for high net worth investors over a ten-year horizon.

Question B:

Aggressive use of tax alpha investment strategies that use long-short strategies to enhance loss realization, as well as accounting treatments that allow generation of losses that can offset ordinary income, is leading to substantial reductions in government revenue from high net worth investors.

 
Finance

New Fed Chair

This Finance survey examines (a) If the Federal Reserve under Kevin Warsh were to reduce its balance sheet by at least $1 trillion over the next 12 months, it would measurably improve the functioning of financial markets over his four-year appointed term as chair; (b) If the Federal Reserve under Kevin Warsh were to provide substantially less forward guidance and communication than it has done in the recent past, it would measurably improve the functioning of financial markets over his four-year appointed term as chair 
On Global Markets

European Autonomy

Earlier this month, the European Union unveiled its rather unimaginatively named European Technological Sovereignty Package. One imagines that had this been a proposal emanating from the US Congress, it would have had a punchier and more bombastic name; the Safeguarding America Act or some such. Name aside, though, the package was certainly ambitious. As European […] 
US

Factory-Made Housing

This US survey examines: The 21st Century ROAD to Housing Act, currently before Congress, includes proposed legislation on manufactured housing: https://bipartisanpolicy.org/explainer/whats-in-the-21st-century-road-to-housing-act/; (a) Legislation to remove the federal requirement that manufactured homes be built on a permanent chassis would substantially improve the supply of affordable single-family housing 

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