Policy Papers

America's Debt Problem (Dec 2015)

How private debt is holding back growth and hurting the middle class.

New Economy, New Social Contract

Steven Hill outlines a fair, sensible and affordable way to create a new safety net for this new economy.

Inside the Banker's Brain

Where financial reward was once presumed to be the only motivator, we now see the striking roles played by several factors, such as complexi

2015 Outlook - Tough Choices Ahead

What lessons should we learn from the last 6 years of the Great Financial crisis for the years ahead?

Why the Fed is Flummoxed by the U.S. Labor Market

Recent headlines from the Fed cheered a substantial drop in unemployment, but is this the end of the Great Recession we hoped for?

Emerging Market Portfolio Globalization

In 2014 emerging markets have shown remarkable resiliency despite negative news and record foreign investor outflows. Jay Pelosky, founder o

The Wizard of Jobs

At first glance, the U.S jobs continues to improve with the U.S. economy adding an average of 222,000 new private sector jobs a month.

What Would Minsky See Today?

Economist Hyman Minsky had the rare ability to stand back from conventional wisdom and see beyond the current market’s irrationality.

America's Debt Problem

Over time, the US economy has become more dependent on debt to fuel economic growth.

Pay More, Get Less

Staring into a difficult world economy that has yet to fully recover from the Great Recession, middle class families are feeling squeezed.

Driving Out of the Red with Greener Cars

Income inequality in California is already high, and it continues to increase. This income inequality is exacerbated by unequal access to jo

The U.S. Economy After The Great Recession

The bursting of the housing bubble in 2008 plunged the U.S. economy into a serious crisis, leaving American households with huge debt.