The Brazilian economy: A brief update (2018)

Meanwhile … back in Brazil and now many months after Batman got cross with Robin because of his poor grip on economics and philosophy of science, the question still remains about exactly how bad “the…

Avast! Are we not valuation analysts? No. We are valuation assumers.

Those in the sub-discipline of the finance profession employed in estimating values of privately-held and -traded capital assets refer to themselves by a fascinating array of–sometimes dyseuphonic–titles including business appraisers, valuers, valuators, valuation advisors, valuation…

Fair value estimation and revenue recognition

Rudyard Kipling said “East is East and West is West and never the twain shall meet.” Observations from my career in finance and accounting lead me to re-use his words: Valuation is valuation and accounting…

Exactly what we do, how, and why

“Financial economics” is a fairly opaque term and does not explain clearly what we do at McLelland + Palazzi | Financial economics.  We’ve had many questions recently about what we do for our clients and,…

BRIC agricultural yields: Growth factor effects

In my previous article “BRIC agricultural yields: Trends and theory“, I presented a number of graphs showing both BRIC country yield trends for maize, soybean, and sugarcane crops and posed a number of questions about…

BRIC agricultural yields: Trends and theory

Although BRIC countries (Brazil, Russia, India, and China) have quickly developed modern diversified economies over the last 20-30 years, agriculture remains an important part of their economies.  If one believes food self-sufficiency is beneficial to…

Brazil’s economy (Part 4): Government spending

Much has been said in the financial economic press about Brazilian government spending in recent years.  In many cases the articles criticize excessive government spending, and more recently–and from different ideological quarters–articles tend towards criticism…

Brazil’s economy (Part 3): Consumption

My last article “Brazil’s economic downturn (Part 2): Employment” presented econometric evidence consistent with 71% of Brazil’s average employment growth between 1998 and 2016 being attributable to Brazil’s internal economic sector, and 29% attributable to…

Brazil’s economy (Part 2): Employment

This second article in the series follows my previous article titled “What’s causing Brazil’s economic crisis? (Part 1)”, now renamed “Brazil’s economic downturn (Part 1): A crisis?“.  This article begins to answer the question by…

Brazil’s economy (Part 1): A crisis?

Did you ever want to know what’s causing Brazil’s economic crisis?  If there is (good) evidence suggesting Brazil’s real economic growth over the last 25 years is substantially equivalent to that of Germany and the…