Economic Trends
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The Fed (Almost) Ruined Black Friday
“A record $1.3 trillion in credit card debt may be masking a weaker economy than the top-line spending numbers suggest, as consumers accrue debt to maintain a standard of living being crushed by rising prices in housing, groceries, and energy.” ~Spence Purnell
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Another Year, Another Crisis
“From inflation to a Fed tightening cycle, to banking losses and now real estate tremors, we again find ourselves climbing tenuously out of one hole only to collapse limply into another.” ~Peter C. Earle
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China is Scaring Away Investors
“Xi expects business as well as people to serve the CCP. As authoritarian controls metastasize throughout the economy, everyone suffers.” ~Doug Bandow
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$34 Trillion and Climbing
“The US government will never, ever, voluntarily cut spending. For our self-preservation, American citizens will need to find a means of arresting the Beltway’s profligate instinct.” ~Peter C. Earle
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A Short Guide to ESG: Legislation
“Proponents of ESG would like to see more legal requirements for companies to reach net zero, to hire more diverse boards and employees, and to cater to a variety of stakeholder interest groups rather than the interest of shareholders.” ~Paul Mueller
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The Inflationary-Profits Hypothesis is Mush
“Once a bastion of sound reporting, the Wall Street Journal’s economy desk is slowly descending into incoherence…Simple economics demonstrates why the inflationary-profits hypothesis is bunk.” ~Alexander W. Salter
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Robots Free Humans from Repetitive Tasks
“Robots handle repetitive tasks or heavy lifting that cause substantial wear on the human body, reducing the risk of injury to employees. Robotics with AI would complement, rather than substitute, human labor.” ~Janna Lu
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Fake Meat: More Entrée or Agenda?
“The plant-based alternatives industry appears to be facing its first true market test and doing poorly. It is a much smaller market than producers perceived, due to the noisy signals and political distortions of Conspicuous Production.” ~Phillip W. Magness and Peter C. Earle
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Black Friday 2023 Will Test Consumer Confidence
“Although Black Friday is a day of discounts, rebates, and other sales promotions, examining the price changes in the most-marketed merchandise categories may provide some insights as to what consumers face this year.” ~Peter C. Earle
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A Short Guide to ESG: History
“Browsing the websites of ESG-advocating organizations gives the sense that ESG is cutting edge, technologically sophisticated, a wise investment strategy, and the road to increasing profitability.” ~Paul Mueller
-
•
The Fed (Almost) Ruined Black Friday
“A record $1.3 trillion in credit card debt may be masking a weaker economy than the top-line spending numbers suggest, as consumers accrue debt to maintain a standard of living being crushed by rising prices in housing, groceries, and energy.” ~Spence Purnell
-
•
Another Year, Another Crisis
“From inflation to a Fed tightening cycle, to banking losses and now real estate tremors, we again find ourselves climbing tenuously out of one hole only to collapse limply into another.” ~Peter C. Earle
-
•
China is Scaring Away Investors
“Xi expects business as well as people to serve the CCP. As authoritarian controls metastasize throughout the economy, everyone suffers.” ~Doug Bandow
-
•
$34 Trillion and Climbing
“The US government will never, ever, voluntarily cut spending. For our self-preservation, American citizens will need to find a means of arresting the Beltway’s profligate instinct.” ~Peter C. Earle
-
•
A Short Guide to ESG: Legislation
“Proponents of ESG would like to see more legal requirements for companies to reach net zero, to hire more diverse boards and employees, and to cater to a variety of stakeholder interest groups rather than the interest of shareholders.” ~Paul Mueller
-
•
The Inflationary-Profits Hypothesis is Mush
“Once a bastion of sound reporting, the Wall Street Journal’s economy desk is slowly descending into incoherence…Simple economics demonstrates why the inflationary-profits hypothesis is bunk.” ~Alexander W. Salter
-
•
Robots Free Humans from Repetitive Tasks
“Robots handle repetitive tasks or heavy lifting that cause substantial wear on the human body, reducing the risk of injury to employees. Robotics with AI would complement, rather than substitute, human labor.” ~Janna Lu
-
•
Fake Meat: More Entrée or Agenda?
“The plant-based alternatives industry appears to be facing its first true market test and doing poorly. It is a much smaller market than producers perceived, due to the noisy signals and political distortions of Conspicuous Production.” ~Phillip W. Magness and Peter C. Earle
-
•
Black Friday 2023 Will Test Consumer Confidence
“Although Black Friday is a day of discounts, rebates, and other sales promotions, examining the price changes in the most-marketed merchandise categories may provide some insights as to what consumers face this year.” ~Peter C. Earle
-
•
A Short Guide to ESG: History
“Browsing the websites of ESG-advocating organizations gives the sense that ESG is cutting edge, technologically sophisticated, a wise investment strategy, and the road to increasing profitability.” ~Paul Mueller