News Analysis China continues to suffer economic setbacks. The latest came with the news that housing sales in July plunged almost 30 percent from June. Optimists had taken heart when housing sales had picked up in May and June in response to eased COVID-19 lockdowns, but the most recent news has dashed hope for an…
What Was Your First Job?
Commentary A few years ago, I was tasked with giving a 45-minute introduction on business and economics to several hundred high-school students. From my experience, there is no better teacher than experience itself. Otherwise for these kids trapped in desks for 12-16 years, my words would be just another lecture. So, I decided to draw…
Where Will Gold Prices Go? It Depends on the Economy
August 21, 2022
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Business & MarketsBusiness ColumnistsGold and CommoditiesGold PricesInvestmentMarketsOpinionViewpoints
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Commentary Gold, traditionally an inflation hedge and a haven investment during times of market duress, has not been an effective investment this year. Inflation has been elevated. The Consumer Price Index was up 8.5 percent in July versus a year ago, slightly lower than the 9.1 percent year-over-year reading in June. And despite a recent…
The Fed Fears Recession Not Inflation, Its Supposed Enemy
Commentary “A million workers working for nothing. You better give them what they really own,” sang John Lennon in “Power To the People.” With a level of inflation not seen in 40 years ravaging workers’ wages today, they resent being robbed of the money they earn. That’s why in a free country that understands and…
Washington’s Flawed New Law
August 19, 2022
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Business & MarketsBusiness Columnistsgreen initiativesInflation Reduction ActOpinionThinking About ChinaViewpoints
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Editor’s note: This is the first of a three-part series. Each part looks at a different part of the new Inflation Reduction Act. This first article offers a general assessment of the law followed by a more detailed summary of its green initiatives. The second part of this series will deal with the revenue enhancers…
Remote Work Spurs Digital Nomad Gold Rush
August 18, 2022
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Business & MarketsBusiness ColumnistsBusinesses in COVID-19digital nomadseconomyremote workersUSUS News
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News Analysis Lockdowns and closures related to COVID-19 have unmoored millions of American employees from the office, perhaps permanently, swelling the ranks of so-called “digital nomads” who work and travel simultaneously. The growth of this nebulous population has, in turn, fueled a niche industry catering to the needs and desires of highly mobile employees. The…
This Is Not the Path to Growth and Prosperity
August 18, 2022
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AnalysisBusiness & MarketsBusiness ColumnistsdepressioninflationOpinionprosperityrecessionU.S. economy
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Commentary Consumer retail spending right now is one of the few measures of economic activity that has not hit the skids. It rose two months ago, was flat last month, but there is every indication that it is rising again, as people dig deep to cough up to pay much higher bills while trying their…
Across the World Coal Power Is Back
Commentary In the United States, coal consumption hit an all-time high in 2013, and soon after most every Wall Street bank and liberal activist declared coal as dead. Still, coal energy was the dominant form of energy in the United States until 2016, and this year global coal consumption is set to reach 2013’s record…
How the Inflation Reduction Act Affects Americans
On Aug. 7, the U.S. Senate passed reconciliation bill H.R. 5376, the Inflation Reduction Act. The House of Representatives passed the reconciled bill on Aug. 12. The bill ended up being a slimmed-down version of President Biden’s $2.2 trillion “Build Back Better” bill. The original bill stressed a tightened social net and expanded green initiatives. Swing Democrat…
The Destructionist Phase of American History
Commentary For reasons I do not understand, I happen to be on the Democratic Party email list for donors. Several times per day, I receive notes demanding money. If I give $7, I could get a phone call from Joe Biden! Also, if I cough up for this or that candidate, the party will be…
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