Economic Trends
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AIER’s Everyday Price Index Declines Most Since December 2022
“The October inflation release provides a welcome respite from resurgent price increases over the past few months. But while the most recent CPI and EPI readings relay a positive state of affairs in the resumption of disinflation, challenges and uncertainties persist.” ~Peter C. Earle
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Underdog States Improve Their Business Tax Climate
” As they continue to reduce tax burdens, they create environments where individuals and businesses can retain more of their earnings, which invites innovation, improves the quality of life, and encourages moving to those states.” ~Vance Ginn
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A Short ESG Guide: Terms
“While I have attempted to clarify the ESG advocates’ terms, the devil is in the details. One of the weakest parts of ESG is the ambiguity and disagreement, even among its advocates, as to how to define and measure many of their objectives.” ~Paul Mueller
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WeInflate, WeMalinvest, WeWork
“Companies founded in easy money periods will tend to be the most vulnerable. Many firms will survive the credit crunch, but few will emerge unscathed.” ~Peter C. Earle
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Business Conditions Monthly September 2023
“While we refrain from providing a specific magnitude for our recession forecast and acknowledge the possibility of inaccuracies or outright error, we maintain our contention that the US will enter an economic recession by September 2024.” ~Peter C. Earle
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Driver Shortage? Not So Fast
“Rather than work with shippers and receivers to fix these issues, the trucking industry has decided that it is more cost effective to stick taxpayers with the bill for replacing truckers who, having discovered that the business neither respects nor pays for their time, make the rational choice to quit.” ~Gord Magill
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Alan Blinder: Let Them Eat Disinflation
“Blinder thinks deflation always and everywhere causes economic harm. ‘It takes a truly sick economy to cause deflation,’ he warns. But he’s wrong.” ~Alexander W. Salter
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Do Shortages Signal the Fragility of Free Trade?
“If protectionism makes supply chains more robust, then we should expect to see that in the data. A quick overview shows, however, that protected industries are more vulnerable to shocks than less-protected industries.” ~Jon Murphy
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The FTC’s Amazonian Snipe Hunt
“The FTC argues that Amazon’s market power inhibits the ability of competitors to enter the retail superstore marketplace. Such concerns are likely overblown.” ~David Gillette and Warren Barge
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Worst US Bond Selloff Since 1792
“The failure of numerous banks at once can damage the economy, as bank failure waves did during the Great Depression, the Savings and Loan crisis in the 1980s, and the 2007-10 meltdown.” ~Robert E. Wright
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•
AIER’s Everyday Price Index Declines Most Since December 2022
“The October inflation release provides a welcome respite from resurgent price increases over the past few months. But while the most recent CPI and EPI readings relay a positive state of affairs in the resumption of disinflation, challenges and uncertainties persist.” ~Peter C. Earle
-
•
Underdog States Improve Their Business Tax Climate
” As they continue to reduce tax burdens, they create environments where individuals and businesses can retain more of their earnings, which invites innovation, improves the quality of life, and encourages moving to those states.” ~Vance Ginn
-
•
A Short ESG Guide: Terms
“While I have attempted to clarify the ESG advocates’ terms, the devil is in the details. One of the weakest parts of ESG is the ambiguity and disagreement, even among its advocates, as to how to define and measure many of their objectives.” ~Paul Mueller
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•
WeInflate, WeMalinvest, WeWork
“Companies founded in easy money periods will tend to be the most vulnerable. Many firms will survive the credit crunch, but few will emerge unscathed.” ~Peter C. Earle
-
•
Business Conditions Monthly September 2023
“While we refrain from providing a specific magnitude for our recession forecast and acknowledge the possibility of inaccuracies or outright error, we maintain our contention that the US will enter an economic recession by September 2024.” ~Peter C. Earle
-
•
Driver Shortage? Not So Fast
“Rather than work with shippers and receivers to fix these issues, the trucking industry has decided that it is more cost effective to stick taxpayers with the bill for replacing truckers who, having discovered that the business neither respects nor pays for their time, make the rational choice to quit.” ~Gord Magill
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•
Alan Blinder: Let Them Eat Disinflation
“Blinder thinks deflation always and everywhere causes economic harm. ‘It takes a truly sick economy to cause deflation,’ he warns. But he’s wrong.” ~Alexander W. Salter
-
•
Do Shortages Signal the Fragility of Free Trade?
“If protectionism makes supply chains more robust, then we should expect to see that in the data. A quick overview shows, however, that protected industries are more vulnerable to shocks than less-protected industries.” ~Jon Murphy
-
•
The FTC’s Amazonian Snipe Hunt
“The FTC argues that Amazon’s market power inhibits the ability of competitors to enter the retail superstore marketplace. Such concerns are likely overblown.” ~David Gillette and Warren Barge
-
•
Worst US Bond Selloff Since 1792
“The failure of numerous banks at once can damage the economy, as bank failure waves did during the Great Depression, the Savings and Loan crisis in the 1980s, and the 2007-10 meltdown.” ~Robert E. Wright