Category: Business Columnists

What Have Fourth of July Shortages Got to Do With China?

Commentary The United States is running low on numerous products, including dairy produce, gas, motorcycles, maple syrup, pet food, and potatoes. Now it’s time to add fireworks to this ever-growing list. Every true-blooded American knows that a Fourth of July celebration simply isn’t possible without fireworks. As Bloomberg recently reported, “the skies over a scattering of…


The Economic Growth That Never Was

Commentary  In March 2019, we published an ominous special report, entitled: Why the global growth model is broken. In it, we explained a troubling phenomenon: productivity growth in the world economy had stalled in 2011 and started to decline. We first noticed this in September 2017, and the situation has remained the same ever since….


Putin’s Inflation?

Commentary I’ve been rather baffled on the rhetoric of the Biden administration concerning the current rampant inflation. In mid-June, President Joe Biden concluded that “Putin’s price hike is hitting America hard”. But is this a fair call? A first answer can be drawn from the monthly pace of annual inflation in the United States. A…


A Republic—and an Economy—If You Can Keep It

Commentary As we commemorate the founding of the United States of America on this Fourth of July, 2022, it’s important to remember that after the founders affixed their names to the Declaration of Independence in 1776, they would face war against King George until the surrender at Yorktown in the fall of 1781. Even then,…


The Chillingly Realistic Path to Rate Cuts This Year

Commentary Consumer confidence has plummeted already. With gasoline and food prices weighing on far more than American sentiment, it’s no wonder much of the public may have come around to the idea of recession. Politicians and economists are another matter. Nothing in life—let alone the economy—is inevitable, but the entire global system may have passed…


Dozens of Woke Businesses Begin an Abortion War

Commentary The Supreme Court’s long-awaited overturning of the 1973 Roe v. Wade decision in June, ending a sloppily formulated constitutional right to abortion on demand that lasted nearly a half-century despite abortion not being mentioned in the document, returns the contentious issue to Americans’ elected representatives in the states and Congress, and we can expect…


US Housing Market Proving Resilient

Commentary A U.S. housing market downturn will arrive, but it won’t be anything like 2008. After an unreasonably hot period for home prices following the COVID-19 pandemic, fueled by a new suburban migration wave and historically low interest rates, pundits are calling for a major housing crash similar to the one experienced during the Great…


Supreme Court Targets the Real Enemy

News analysis The flurry of rulings from the Supreme Court has everyone’s head spinning. The most significant among them, even if it doesn’t capture all the headlines, is West Virginia vs EPA. The majority opinion is impressive but the part I found truly wonderful is the concurring opinion by Neil Gorsuch. This is where we…


Can the Fed Do the Job?

Commentary Since the Federal Reserve began its counter-inflation effort last March, it has acted forcefully. It has raised its benchmark federal funds interest rate some 1.5 percentage points and reversed its long-standing program of quantitative easing. Instead of buying bonds to inject money into the financial system, it has begun to withdraw some of those…


Ban China’s TikTok Now

Commentary TikTok, the wildly popular and youthful social media app, is controlled by China and tripled its ad revenue in 2022 to $12 billion. Companies want access to this latest conduit to mold youthful preferences, and every year they are willing to pay a lot for the privilege. Sixty percent of TikTok users are in…