For some time, economic indicators have been telegraphing that the U.S. economy was improving. But American consumers did not seem to care – at least as reflected by consumer surveys.…
We have all heard frustrating stories regarding the exorbitant price of residential real estate in the U.S. and people who have been precluded from buying so far. The causes are…
Since the pandemic, business all over the world has moved supply lines heavily concentrated in China to other locales to enhance resilience. These shifts have been studied by the Boston…
I CAN’T GET A JOB……… Despite record low unemployment rates, there are many 2023 graduates still seeking jobs. Companies like Amazon, Meta, Alphabet, Goldman Sachs, Morgan Stanley – once much…
It was not the Fed which surprised markets on August 1 – it was Fitch, a well-respected bond rating service which downgraded the quality of U.S. government securities from AAA…
Soon after the most recent Federal Open Market Committee meeting – where the Fed’s Governors determine the level of interest rates (i.e., the Federal funds rate) – when the Fed…
In 1992 George H.W. Bush proclaimed, “We can reap a genuine peace dividend this year and then year after year, in the form of permanently reduced defense budgets”. As can…
In our quarterly Commentary issued late last month, we wrote briefly on labor cost inflation due to the “graying” of our population and recent pandemic sickness. As to the former,…
OUR LABOR PUZZLE……. It has continued to be the case that labor shortages in too many businesses have been a major headache. “Tight” labor markets have led to higher payrolls…