Despite the most recent increase in the Federal Funds Rate (09/21/22), keep in mind that there is nothing to prevent the Fed from raising the targeted Fed Funds Rate before their next scheduled meeting. The FOMC meets at 6-week intervals and they...
Recently, on a social-media platform, I had the following conversation with a CEO regarding economic history. As you’ll note, history may be viewed from different perspectives. MY INITIAL POST During the Great Depression, FDR’s economic...
Economics is the study of scarcity. In economics a major focus is on margins. Specifically, our decision making with regard to scarcity has to do with such things as trade-offs and opportunity cost. Embedded in those concepts is risk. What I mean...
The FED (by its Federal Open Market Committee) has raised the targeted Federal Funds Rate seven times since December 2016 with more on the way. The Federal Open Market Committee (FOMC) met on September 26, 2018 to decide on whether to raise the...
The economy of the U.S. of A. has struggled for the last ten years. To say this, is probably the greatest understatement uttered over the last five centuries or so. It started with the real estate fiasco and the resulting financial crisis and...
Not really. The Federal Reserve Philadelphia Bank President, Patrick Harker, recently noted: “We’re looking at a labor market more or less at full health, with very little slack.” In looking at the 4.4 U3 Unemployment rate for April 2017, this would...
THE FEBRUARY LABOR REPORT FROM DEPARTMENT OF LABOR, BUREAU OF LABOR STATISTICS, JUST CAME OUT…GOOD NEWS In sifting through the EMPLOYMENT SITUATION – FEBRUARY 2017, several things pop out at you. First, you’ll notice that the Bureau of Labor...
How many times in the past year or two have we heard the phrase, soak the rich, in reference to government taxation and spending? For two years I had the privilege of studying under the late Professor Richard A. Musgrave. During that time, he was...
