August 12, 2016

The 3 Ps: Productivity, Population, and ‘Product’ – Part 1

Back in 2009, a brilliant economist, author and Harvard professor, Carmen Reinhart, co-authored a book entitled “This Time is Different:  Eight Centuries of Financial Folly.”   […]
August 9, 2016

Labor Productivity: Not a Pretty Picture

Earlier today the BLS posted the most recent quarterly reading for ‘Labor Productivity.’   The numbers were not good. What is productivity and why is it […]
August 6, 2016

A Good Jobs Report

On Friday morning, we learned non-farm payrolls jumped 255,000 in July.   Shortly thereafter came numerous media suggestions that the FED will now raise short-term rates. I […]
August 2, 2016

Japan Warning: Don’t Step in a Bear Trap!

Imagine you see a friend step into a bear trap.  Wham!   The trap springs closed, he cries out in fear as his leg is painfully wedged […]