Commentary What is inflation doing to the culture? For a clue, have a look at trends in household economics. Start with credit card debt, which is now rising 14 percent per year in the United States, after having fallen dramatically during 2020 lockdowns. People wisely used stimulus payments to pay off some debt. That is…
The Cultural Destruction of Inflation
November 2, 2022
admin
AnalysisBusiness & MarketsBusiness Columnistscredit card debtCultureinflationOpinionprosperityrecessionU.S. economy
0 Comment
Here’s What’s on the Minds of Some of America’s Richest Families
Commentary Most of the wealthiest families in the country manage their assets through a structure called a family office. While each family office is different, most of them have in-house accounting for all family assets, tax planning, risk evaluation and control, and succession planning for family wealth and businesses. The best ones do their own…
There Really Is No Middle Class Any Longer
October 31, 2022
admin
Business & MarketsBusiness Columnistseconomic policieseconomyinflationmiddle classOpinionPolicies & ImpactsrecessionUSViewpoints
0 Comment
Commentary There was a time when a large portion of Americans belonged to the “middle class.” It meant you could afford a decent living standard, such as owning a house and a car and had savings in the bank. When “baby boomers” reminisce about the “good ole days,” they are referring to when being middle-class…
What Is Next for the United Kingdom?
October 31, 2022
admin
Bank of EnglandBoris JohnsonBusiness & MarketsBusiness ColumnistseconomyenergyEuropeliz trussOpinionrecessionRishi SunakUKUnited KingdomViewpointsWorld
0 Comment
Commentary I wrote an article recently which stated that Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng might have cut their careers short. I did not expect both of them to be gone so soon. Now there is a new prime minister and a new chancellor. In the rush to replace Liz Truss,…
Has the Big Tech Bubble Burst?
October 31, 2022
admin
AnalysisBig TechBusiness & MarketsBusiness Columnistsfinancial marketsOpinionrecessionstock markettech stocksU.S. economy
0 Comment
Commentary The extraordinary gains on Wall Street from Oct. 28 were stunning, but it’s the details that matter. What didn’t participate in the sudden exuberance were the tech stocks that have performed so well over the past three years and even dating back to 2009. The enthusiasm was all about value stocks, those old-fashioned companies…
The Midterms Are a Referendum on Inflation
Commentary As Democrats have become ever-more the party of the hard left they have simultaneously become the party of the easy lie. On Wednesday, President Joe Biden claimed that Republicans’ determination to rein in the massive, automatic entitlements hurtling toward bankruptcy will “make inflation worse.” This from a president who signed a nearly $400 billion…
Is Trouble Brewing Underneath the Bond Market?
News Analysis The U.S. treasury bond market has tumbled this year. That’s no surprise. Between the Federal Reserve’s interest rate hikes and quantitative tightening, 10-year treasury yields have increased from 1.6 percent to more than 4.0 percent year to date (bond yields have an inverse relationship with bond prices). But this doesn’t feel like a…
GDP Print at 2.6% Is Largely From Inventory/Exports Anomaly
NEW YORK—GDP printed at 2.6 percent Thursday morning, just slightly above the consensus estimate of 2.4 percent. We had estimated the GDP to print at 2 percent, plus or minus 0.5 percent in our September jobs report. As we predicted, the current positive report is largely attributable to a reversal of an anomaly with imports clearing the…
GDP Print at 2.6 Percent Is Largely From Inventory/Exports Anomaly
GDP printed at 2.6 percent Thursday morning, just slightly above the consensus estimate of 2.4 percent. I had estimated the GDP to print at 2 percent, plus or minus 0.5 percent in my September jobs report. As we predicted, the current positive report is largely attributable to a reversal of an anomaly with imports clearing the ports that…
It’s Finally Time to Pay for Ketchup and COVID
Commentary In the grand scheme, a half-million dollars may not seem like a lot. For a business that runs on relatively thin margins, though, any surprise cost increase can end up making a tremendous difference. So it was for Long John Silver’s circa April 2021. The “Great Ketchup Shortage” had just cost the restaurant chain…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta