And now for something, completely different. Since there aren’t too many people willing to pay me to spin out the implications of a private legal system, I have been focusing more on research for investors. (In all seriousness, if you are curious about such individualized consultting work, drop me an email.) Tom Landstreet and I have a piece today at Forbes.com summarizing a research paper we are preparing for institutional investing clients. The opening paragraph:
Many analysts have been surprised lately by the strength in certain economic indicators, such as the growth in business investment in the third-quarter GDP report, particularly in equipment & software. The hopes for a general rebound are misplaced, however, because temporary depreciation rules may be driving the apparent upswing. The generous bonus depreciation and small business deduction rules begin to drastically phase out in January 2012, which will likely cause a dramatic reversal in investment and other indicators.