Apparently, there are two Americas. In one, corporate profits are soaring, the economy is booming and jobs are available for the asking. In the other, corporate profits are dismal, America…
Grading on a Curve
“We do not target the level of stock prices. That is not an appropriate thing for us to do.” …
Can We All Be Greeters at Wal-Mart?
Job reports typically report on jobs as if they are a commodity; a job is a job, whether you’re a CEOs or a greeter at Wal-Mart. So it’s good news…
Happy Dependence Day
On the fourth of July, we celebrate our freedom from tyranny. Yet King George would be envious of the control the U.S. government, and state and local governments hold over…
To the Back of the Queue
If I go there will be trouble And if I stay it will be double So come on and let me know Should I stay or should I go? The…
Theater of the Absurd
Vladimir: “Well? What do we do?” Estragon: “Don’t let’s do anything. It’s safer.” From “Waiting for Godot” In Waiting for Godot, two men spend more than an hour talking nonsense…
More Destruction, Less Creativity
Business is thriving … for bankruptcy lawyers. Last week we noted the dismal employment report. The commercial bankruptcy statistics are yet another sign that all is not well with the…
The Job Creation Snow Job
Consider this headline from the U.S. Bureau of Labor Statistics: Unemployment rate declines to 4.7% in May; payroll employment changes little (+38,000). Great news, right? The unemployment rate fell to…
Fed, Not Capitalism, Responsible for Income Inequality
“Income inequality in the United States has been growing for decades, but the trend appears to have accelerated during the Obama administration.” …
Inflation: The Fed’s Red Herring
If you wanted to boost economic growth, which of the following would you focus on? U.S. corporate taxes, which are the world’s highest and are driving businesses to relocate abroad…