The Inverted Yield Curve with short term rates above long rates has been one of the most anticipated over hyped harbingers of doom and gloom in history. For over a year Bearish forecasters sounded the alarm bells of a coming contraction as the Yield inversion approached, even though histrionically this is one of the best…
In the final 4 months of 2018 there were over 40 central banks interest rate hikes from around the world despite clear global slowing throughout 2018. In the past 4 months over 40 central bank rate cuts have occurred. More rate cuts are coming, as investment markets are leading the…
Working fewer hours at higher pay sounds like a good thing. It may be better than it sounds. Both high skilled white collar and lower skilled blue collar jobs are requiring less education, offering more perks with less drug testing and above normal wage gains. Listening to politicians one might think…
The current prime age (25-54 years old) unemployment level hovers around multi-decade lows of 3% – essentially full employment – while the prime age labor force participation rate is far from its peak – implying less than full employment. Since the female workforce rose to maximum participation rates in the…
Trump’s claim of bringing back American manufacturing jobs is boastful with some truth. Since the manufacturing halcyon days of the 1970’s, the US Dollar was allowed to depreciate and cheap labor abroad sent US factory jobs into a multi-decade tailspin. Manufacturing output rose, but 8 Million jobs were lost. In his first…
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