This Labor Day finds the country in the dregs of bleakness about the economy and jobs. Election year politics has served to exacerbate this bleakness as the next generation of politicians seek the lifelong employment our founding fathers never contemplated by blaming the current crop of incumbents who sought the exact same thing. (more…)

Conventional wisdom and experience taught us that the stock market pretty much reflects the health of the economy. Back in the halcyon days before globalization, it was the US economy that held sway. Now it is something of an uneasy blend of US, China, Japan, Brazil and Euroland. But this is all old news. It appears as though the tables have turned. (more…)

As far as decades go… I can not wait for this one to.

What started out as a time of incredible promise, ended as a 10 year epoch of loss- lost lives, security, trust and wealth. It all went very bad, very quickly. I say good riddance. (more…)

We have heard for months that recovery in the employment market will lag the economic rebound. This position is well grounded historically, as we have seen this phenomenon time and again. Until recently, I believed that the current recovery would follow the same pattern. But now I am forced to utter those four words that we so often regret- it’s different this time. (more…)

I remember first hearing it as a freshman in my macroeconomics 100 level class in 1977. It was every bit as true in 1777 as it will be 100 years from now. Guns and butter. The economic trade off that every society faces. (more…)