Workplace Happiness: Why Should Your Boss Care? (PICTURES) 

What’s the fuss about workplace happiness?

In a recent post on, HR expert (and founder of Bersin by Deloitte) Josh Bersin appropriately sums up the results of Deloitte’s 2014 Global Human Capital Trends report in a single sentence:

Companies are struggling to engage our modern, 21st century workforce.

Growth vs. Profit: What Should Rising Startups Focus On First? 

George Deeb is the Managing Partner at Chicago-based Red Rocket Ventures, a startup consulting and financial advisory firm based in Chicago.

This really is not a simple question to answer. There are so many nuances that go into assessing the right answer:

What is going on with the economy?
How liquid is the fundraising climate?
Are you B2B or B2C?
Are you the first mover?
How defensible is your business, with patents, product complexity or otherwise?
What are your competitors doing?

The Power of Thinking Big, But Starting Small 

How did Google manage to come out of nowhere? And how did it grow to reach $58 billion in annual revenues in 2013 — all in under two decades?
There are many explanations for the company’s phenomenal growth. But one technique small businesses can learn from is the ability to think big, yet take small steps. Here’s how it works.

Chart o’ the Day: Nasdaq Composite since 1986 | The Reformed Broker

Tesla is adding another few billion dollars to its market cap this morning on news it will sell 35,000 cars this year. Ford, meanwhile, sold 45,000 F-150s in January. Tesla’s $30 billion enterprise value implies their having the entire electric car business to themselves forever. Okay sure

Twitter Is Having Trouble Adding Users, but Learning to Make Money From Them – Businessweek 

Expectations are everything, and Twitter (TWTR) has the rotten luck of having its expectations set by Facebook (FB), its much-larger cousin atop the social media world. Twitter reported its first-ever quarterly earnings as a company on Wednesday, and by some measures they were quite good.

Is our robot future really all that speculative anymore? 

James Pethokoukis points us to a new working paper about economic growth released by the San Francisco Fed this month. Here’s a piece:

Even more speculatively, artificial intelligence and machine learning could allow computers and robots to increasingly replace labor in the production function for goods….In standard growth models, it is quite easy to show that this can lead to a rising capital share — which we intriguingly already see in many countries since around 1980 (Karabarbounis and Neiman, 2013) — and to rising growth rates. In the limit, if capital can replace labor entirely, growth rates could explode, with incomes becoming infinite in finite time.

Private Investment and the Business Cycle

The following is an update to graphnd analysis that I started posting in 2005.  In 2005 I was bearish on residential investment, and I used these graphs to argue that the then coming housing bust would lead the economy into a recession. 

Will Most International Calls Be On Skype Someday?

Skype may never completely replace public switched telephone networks (i.e, traditional phone lines). But Skype-to-Skype calls have made stunning growth. And that growth has accelerated in the past two years, since 2011. Not only that, but 

Facing Regulators, LBO Woes, 2014 Leveraged Loan Issuers Have Tough Act To Follow

Leveraged loan arrangers in the U.S. believe issuance is more likely to recede than advance in 2014. At least, if the forward calendar of all-important M&A loans is any indication. The M&A calendar at the end of 2013 was relatively thin,

Why 2014 Could Be The Best Year For Growth Since Bill Clinton Was President

Note: Near the beginning of each year, I find it useful to jot down a few thoughts on how I expect the economy to perform. This isn’t to test my forecasting skills – sometimes I learn more when I miss a forecast (As an example, I’ve spent a