Not since the late 1970s has the Fed blundered to such an overwhelming extent. Jerome Powell and company are completely asleep at the wheel. Inflation is out of control – there is not other way to state it. Although CPI rose about 7% last year, the reality is that actual inflation – the inflation that…
Employers will learn (the hard way) that employees are driving the bus. For the first time in decades, employees are no longer at the mercy of employers that have enjoyed substantial leverage over their employers, such that they can force employees to take on additional responsibilities without compensation. One examples is where companies hire several…
For the past 16 months, millions of employees have been working remotely. With the stock market at all-time highs, and economic activity, including employment gains, GDP growth, and virtually every other metric one could think of, improving at a rapid pace, there can be no argument that these employees are not every bit as productive,…
The recent jump in the 10-year treasury rate is concerning for several reasons. First, it is an indication that demand for U.S. debt is weakening. This makes sense because we keep selling trillions of dollars of new, additional debt to fund the massive, repeated rounds of stimulus. Since the U.S. government does not have the…
There are a host of reasons to be cautious at present. Government spending, supported by an avalanche of debt, has propped-up the stock market and the economy, but it cannot continue. As with all borrowings, there must be a lender to provide the loan. After several trillions of dollars of new treasuries issued, one must…