Uncertainty

Great article in the Wall Street Journal today by Glenn Hubbard and Hal Scott.  It talks about how business is uncertain now that Fin Reg is law.   No secret that I think Fin Reg is the second worst bill …

Billionaire Boys Club

50 billionaires in California agreed to a pledge. They promise to donate 50% of their wealth to charity upon their demise. A nobel pledge. It is great that they will be able to determine where their hard earned wealth goes, …

Looking Ahead to Friday

Unemployment is released at 730AM CDT Friday.  If you are not in the financial markets, you might not know that this number sets the tone for trading during the month.  A bullish number, bullish sentiment will rise spurring a rally. …

Entrepreneurs, Hiring, and Investment in Human Capital

Recently, I have been generating some posts from the book, Personnel Economics In Practice.  In all the posts the issues that were explored were from the company perspective.  With the way this job market is, it’s worthwhile to explore personnel …

PCE

Personal Consumption Expenditures(PCE) came out flat this morning. Looking at results from consumer products companies, they are also flat-so I trust that this number was correct. One thing that worries me is that it feels like it is March of …

TheStreet.com

Was on thestreet.com with my friend Dan Dicker the other day. Chris Jarvis was on too. Here is a link to the video Doing television is tougher than it looks, doing internet commentary is much tougher than it looks! Chris …

Rally On Little Volume

Market rallied smartly yesterday on volume that wasn’t totally convincing. Remember, it was the first new day of a trading month which leads to a positive bias in any market. The market technically went above a trend line that also …

Government Motors and Press Secy Gibbs

Yesterday Obama press secretary Robert Gibbs said if GM and Chrysler went bankrupt,”a million people would lose their jobs.”. This is false. American bankruptcy courts have an organized way to restructure assets The car companies wouldn’t have gone out of …

A Short GDP Comment

GDP was 2.4%. Slowing. Plodding ahead. One thing to remember is that GDP is a backward looking number. There are real mixed signals to economic development. Shipping indexes, confidence all point to contrary trends. It’s a Friday. No one wants …

Cold Hard Facts

Obama went on The View today to tout his accomplishments. If you are a left wing liberal, he certainly has put some cherry in your pie. If you are independent, or if you are on the right, it’s more like …

Raw Milk, What is So Bad About It?

In the US, the Food and Drug administration bans the sale of raw milk to the public.  This not only affects liquid milk sales, but affects the cheese market as well.  US cheese makers must use pasteurized milk, or age …

Job Layoffs

In this swirling world of unemployment, one issue that is continually coming up is layoffs. Corporations are not increasing their top line, so they are aggressively cutting costs. The highest cost component of any production is labor. Because of technology, …

Deficit or Not?

Macroeconomics is anything but an exact science.  Not only do people have to contend with the fight between classical and Keynesian economists, but neither side does much better than the other at forecasting macroeconomic data far into the future. The …

Worth Remembering

This Youtube.com video has been emailed around. It is worth reminding ourselves how great free market capitalism is. Milton Friedman says it very succinctly in this repartee with Phil Donohue. It was true then, and true today. Here is the …

Good Work Charlie!

Charlie Gasparino works for Fox Business. Just highlighted a major weakness in the Volcker Rule.  This doesn’t surprise me, because the entire Fin Reg bill is a disaster.  It shouldn’t surprise anyone that there were plenty of loopholes in almost …

Pig Restaurants

Lots of restaurants over the past year have opened up featuring “pig”. Not just pork chops or ribs, but using the whole pig, snout to tail. In the past year, I have visited a few of them. I really enjoy …

Who Should Pay For Job Training?

Almost 10% of America is unemployed. The desire for any politician to spend money is like a Siren song to Odysseus. Bills that will spend taxpayer dollars for education and retraining are sure to make their way through Congress. Should …

The Risky Hire

It’s no secret that unemployment is close to 10% now. If you run a business and are hiring or if you are looking for a job here is an interesting way to view it. From a book written by Professor …