Commentary Economic data these days is so convoluted and confusing, and the interpretations so filtered through political blather, it becomes difficult to know what the truth is. Another way to put this, it’s hard to square one’s personal experience with the broader claims from the top that all is well. To hear the Biden administration…

As U.S. labor productivity recorded its biggest ever drop in the second quarter, some are blaming the rising trend of “quiet quitting” for the slump. Quiet quitting simply means to stop putting in extra effort into a job, sticking to what an employee is supposed to do and nothing more. The trend is believed to…

Commentary Central banks don’t manage risk, they disguise it. You know you live in a bubble when a small bounce in sovereign bond yields generates an immediate panic reaction from central banks trying to prevent those yields from rising further. It’s particularly evident when the alleged soar in yields comes after years of their having…