Tag: Economy

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It is common in my conversations with fellow Millienials to see sneer quotes applied whenever the term “American Dream” is brought up. Far from being limited to those on the Left, I have noticed this trend among disaffected conservatives as well, particularly during the Obama era. It was something noteworthy about the not so diametrically […]

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Can Trump Win Over Blacks?

 

I heard something this week that made my jaw drop: Someone who, for decades, has said that Republican outreach to blacks is a waste of time now tells me that President Donald Trump might be uniquely capable of persuading another five percent of blacks to vote Republican.

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What the Economic Experts Said Would Happen If BREXIT Passed: “In the run-up to Britain’s historic vote on whether to leave the EU, the consensus among economists was clear: Brexit will hurt growth. Even many committed supporters acknowledged the prospect of a short-term economic hit.” What Actually Happened: “Britain ended last year as the strongest […]

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Honoring Glenn, U.S. More Bullish, Convicting Free Speech, Hillary’s Fake News

 

Jim Geraghty of National Review and Greg Corombos of Radio America offer a champagne toast to the military and space heroism of John Glenn. They are surprised to see a massive jump in economic optimism since Trump’s election. They shudder as free speech is trampled in the Netherlands. And they unload on Hillary Clinton after she claims fake news is having a major impact on the nation.

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The Man Who Knew Trump Would Win

 

While everyone else was left scratching their heads, one man saw it coming. This week on OppCast we sit down with Matt Schlapp, chairman of the American Conservative Union, to discuss how he knew Trump would win, why he believes Steve Bannon is being misrepresented, and why Weekly Standard columnist Steve Hayes might just show up wearing a speedo to this year’s CPAC. Later, co-host Ellen Carmichael breaks down the “Rubio Effect” and what it means for the next election cycle.

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Since this is the anniversary of the opening of the Erie Canal, it gives me an excuse to plug a book I narrated for Audible last year: Building the Empire State. It starts with the process of “settling the Revolution,” deciding how much of royal government structure to retain while designing a new country and economy. […]

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I went to pick up a take-out order from a restaurant today and found a dozen or so customers sitting around with no food. The restaurant’s computer system was down. In the old days, we could calculate totals manually and even take credit card payments via a non-electronic system. But the young clerk just kept […]

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Is America’s Nearly 150-Year Streak of Steady Growth at an End?

 

Call it the New Normal or Great Stagnation, but there’s plenty of concern that America’s weak 2000s growth rate — before and after the Great Recession and Financial Crisis — is a harbinger of anemic growth to come. And GDP has indeed been weak, just 1.9% annually since 1999 vs. 3.6% from 1948-99.

Yet if you look at GDP growth on a per capita basis and compare it to America’s longer-term growth trend, it doesn’t look nearly so dire, as NYU economist William Easterly points in a tweet — “That horribly traumatic Growth Slowdown in the US may not actually exist” — highlighting this chart from Stanford economist Charles Jones:peth_09-72016

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A friend recently dipped his toes into Patreon, an online resource of “recurring funding for artists and creators”, in hope of diversifying his sources of income. Best I can tell, Patreon is akin to the more popular Kickstarter service but focuses on recurring patronage as opposed to crowdfunding of particular projects. And who do I see […]

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Ronald Reagan’s policies of reducing regulations, negotiating a deal with Asian exporters to stop devaluing their currencies, and lowering taxes lead to a robust economy which created twice the number of jobs and twice the Gross Domestic Product seen in our current vaunted ‘recovery’. Economist Peter Morici explains: More

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Texas the Best State to Start a Career, California the Worst

 

Best Cities CareerWalletHub recently did a study showing graduating college students the 10 best and 10 worst places to start a career. To create the lists, the financial site reviewed the number of entry-level jobs, median starting salary, and housing affordability, then tossed it to their roomful of abacus jockeys to add up the results.

First for the best cities: Unsurprisingly, four of the top 10 are located in Texas, and nine are west of the Mississippi. Salt Lake City took the top spot.

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First a movie recommendation: I finally watched The Big Short (I know, I’m behind) which detailed several risk-hardy investors who, in 2007-08, bet against the housing market. Since I watched the movie, I am now of course an expert who can share his opinion about the financial crisis. One of the takeaways was how obvious the signals […]

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Last night’s dinner with a baker’s dozen group of friends quickly turned to the election. Not one person was happy with the choices between: “a crazy”, “a preacher” and “a criminal” (no one was considering berning socialistic). There was no topic discussed that hasn’t been bludgeoned to death on Ricochet, so I’ll refrain from imparting what folks are saying […]

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Some weeks or months ago, we discussed the differences between virtual reality and augmented reality. Microsoft hopes to break open the latter market with their HoloLens device. In this advertisement, you can see how various businesses have partnered with Microsoft to incorporate augmented reality into their work. More

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The CFO survey by Duke University is named by the International Strategy and Investment (ISI) as one of the 15 most important leading economic indicators. The survey polls CFOs who anonymously provide information about their company’s business plan for the coming year, providing a very accurate forecast of future economic conditions. In the March of 2015 survey, 47% […]

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From ETWN News: [….] Last month, a new federal law was enacted to prohibit importation of goods made with forced labor into the U.S., a big boost in the fight against labor trafficking.Since the 1930 Tariff Act, which prohibited such importation, one clause exempted this prohibition for when “consumptive demand” required such goods be imported. […]

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The “R Word” Is Here and Now

 

recessionAs politicos focused on South Carolina and Nevada, my company was running a weekend roundtable for business owners, where we train and break bread with real people facing real challenges due to the real economy. These people aren’t statistics. They aren’t categorized or sliced and diced into compartments that make up an axis on some government chart. The employees they have laid off don’t consider themselves as U3, U6, or U12. They are real people with real families and real bills.

It is not news that many sophisticated business owners consider the “recovery” weak, at best, and think the economy is most likely in recession. While the equity markets bounce around like a beach ball in the stands of a sporting event, the real fundamentals are causing pause for even the most bullish among us. Now Bloomberg Business reports that recession is already here in several states.

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Are we having fun yet? This morning I spent time trying to get a sense of who thinks the new year financial route will turn around or, as some bears are calling for: “S&P could plunge 75% to 550”. The phone calls with clients and industry friends felt like that moment Roy Scheider said “we’re gonna need a […]

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Something about this Yahoo story rubs me the wrong way. Online retail giant Amazon said on Thursday it will donate the profits from the online purchase of a tune released by the far-right anti-migrant PEGIDA movement to refugees in Germany. [….] More

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