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...
“Nattering nabobs of negativism,” is probably the most enduring of the many alliterative pronouncements of Spiro Agnew, Vice President in the Nixon administration until forced to resign because of corruption. This particular phrase, penned by Nixon...
I grew up in an era of telephone and elevator operators. They were quickly replaced by technology. Next came pumping your own gas and the station attendants disappeared. Several of my relatives worked in the automobile plants where they assembled...
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...
In the month of May 2016, the employment situation continued its spring swoon with 664,000 people leaving the labor force. Over the last two months, 1,226,000 people left the labor force. In the six months prior, from October 2015 through February...
Not quite the same words that the old Roosevelt song read but the reality of today’s sad situation is that it took 8 years but the Obama administration will leave office with the nation in a severe recession after having spent trillions of dollars...
I have written countless articles on the poor operation of our government. We fail to address the pressing issues like our outdated and antiquated tax code, the fact that we operate without any form of a balanced budget, generate billions of dollars...
