My Comments: My cousin vowed to stop shouting about the state of political dialog these days; he asked me to do the same, and to some extent, I've tried. There are dynamics at work right now that overwhelm the electorate and the media as we stumble toward the next presidential election in 12 months. But …
Tag: economics
Very Strong Jobs Numbers Underpinned By Wages
My Comments: Politicians of all stripes consider employment numbers relevant, and well they should. Right now we have the lowest unemployment numbers in this country that we’ve seen for a long time. And it’s all because of that idiot in the White House. This came from a group called Bespoke Investment Group, a name I …
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Guy Fawkes Night
My Comments: My grandson was five yesterday. It reminded me of my early days in England and my anticipation of an event that happened every November 5th. Guy Fawkes Day. Fireworks and bonfires and lots of excitement. Here, courtesy of Wikipedia, is an explanation. Also known as Guy Fawkes Day, Bonfire Night and Firework Night, …
Crude Oil Supplies Are Enormous
My Comments: If you pay for the gas you use in your car, these are good days. If your life depends on a job in the oil extraction industry, no so good. You can argue the merits, or lack of merits, of fracking, but as the worlds largest consumer of oil, we’re increasingly unaffected by …
Brazil Heads Closer To Total Collapse
My Comments: Many are waiting for the penny to drop indicating a new global recession and collapse of the stock markets. Is this it? Oct. 19, 2015 by Ian Bezek Summary Brazil's economic "Superman" may have resigned Friday, according to conflicting media reports. Brazilian shares and currency fell sharply after Friday's market close. His departure …
Big Oil Is Changing It’s Mind
My Comments: For me, economics is a fascinating subject. For you, probably not so much. Environmentalists are cheering the announcement by Shell they are abandoning their efforts to drill for oil in the Arctic waters for which they own the rights. Some will attribute this to media pressure about the likely environmental costs, but I …
The Fed’s Dilemma
My Comments: Last week the Fed board of governors met and nine of the ten voted to NOT raise the Federal Funds Rate. That’s the rate charged to commercial banks who borrow money from the Federal Reserve. It’s the fundamental tool used by the central bank to influence the economy. For those of you who …
Capitalism Can Defeat Economic Inequality
My Comments: I came across this the other day and failed to note the source. As an economist interested in the sustainability of the economy and sensitive to the growing divide between the haves and the have nots in this country, it caught my attention. I'm not saying whomever wrote this is right. I think …
Plutonium Is Unsung Concession in Iran Nuclear Deal
My Comments: I think I’m beating a dead horse here but I’m going ahead anyway. This new article points out something I’ve missed in every single argument I’ve read that argued either in favor of or against the agreement on Iran. As a financial professional, I often hear arguments in favor of or against the …
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A Global Recession Underway?
My Comments: The ability to accurately predict the future is something I cannot do; if I could, you wouldn’t be reading this blog post. On the other hand, I’m OK with saying an economic downturn is very likely already under way. The writer below suggests it will bottom out sometime in 2017. So, do we …
Helping Define Your Financial Future 