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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 10, 2016

Steak House Index Update – 8/10/16

Another week means another steak!  Grab your knife and fork…and let’s dig in! Now armed with last week’s July non-farm payroll report we’ll also update the […]
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 […]