Tax inversions can result in a greater flow of income into the United States. A company such as Medtronic, which is in the process of inverting , can expand its American operations at lower cost than can its competitors.
The U.S. initial public offering market is back. What has not recovered, however, is the number of new and smaller companies going public. Of the 165 IPOs so far this year, less than 7 percent were valued below $50 million.
Fiscal deficits and loose monetary policy have led to a lopsided recovery. This is the conclusion of the Bank for International Settlements' 84th annual report. U.S. policymakers should heed this advice.