Author Archives: John Thomas

Trump’s Booming Economy: Retail Sales up, Unemployment Rates Down

In the month of May, the retail sales spiked to $502 billion, a .8 percent increase from the month before, according to the Commerce Department. May’s retail sales beat expectations. Economists polled by Reuters predicted that retail sales would increase by .4 percent in May. The Commerce Department also said that April’s retail sales were revised from the .2 percent ...

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FED Under Pressure to Balance the Economy

There have been only two times in the last 50 years that unemployment has gone below its current level at 3.8 percent. In the late 1960’s and for a month in 2000. The latter was a blip due largely to the dot com bubble bust. The 1960’s led to over a decade of soaring inflation, culminating with the stagflation of ...

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Drain the Cesspools of Tenured Academia

The demands on a tenured professor are rough. Four or five hours of coursework a week, a modicum of office hours, and well, thoughts about it. One finds the professor often bitter over the lower salaries they garner in the “Ivory tower” compared to those of their real-world brethren. Ah, tenure, intended to ensure that faculty aren’t penalized for having ...

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Economics and Americans Migrating Less

According to the latest information published by the U.S. Census Bureau the percentage of people that move every year equates to 14 percent of the population, or roughly 40 million people. There are various reasons why people move each year; jobs, family, retirement, etc. Migration patterns can be of interest as it relates to business and economics. Everything from real ...

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Italy to be Defined by Elections and Market Volatility

Fear ruled the day Monday on our Memorial Day holiday, and when fear is present, the financial markets are upset. It was Italy this time. Political unrest and the discussion of leaving the European Union are the main cause of this defacto move on the euro. In a nutshell, in Italy and many European countries, there are groups that just ...

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Lori Greiner leads the way for Women Inventors

We know Lori Greiner as the “warm blooded” female shark on television’s Shark Tank. What you may not know is that Greiner has invented more than 600 products and helps aspiring entrepreneurs launch theirs. She also holds 120 U.S. and foreign patents. If you look across the board at the Shark Tank lenders, they are all self-made millionaires and billionaires ...

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International MBA Enrollment Declining – Here’s Why!

Unites States universities have long attracted international talent to their graduate programs in business administration. Bright students from around the globe were willing to pay the premium tuition prices for education and perhaps a share of the American dream.  This is changing. The application rate to MBA programs in the U.S. is on the decline. There are several factors that ...

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Have you met the new Amazon of Africa?

Perhaps many Americans, including myself, have somehow let this $1 billion “first unicorn” in Africa to slip under our radar. The likes of Alibaba and others receive most of the headlines, but Jumia has become Nigeria’s largest online retailer. That is significant for a variety of reasons. To start, Nigeria has Africa’s largest economy, weighing in at $500 billion, of ...

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If Unemployment is so Low, Why are so many Struggling?

The polarization between those who have wealth and those who don’t continues to widen across America. The dichotomy exists between a lower level of unemployment and those that are not sustaining themselves financially. A recent Federal Reserve survey of some 12,000 households found discouraging news. One out of every four families reached don’t believe that they are “doing okay” financially. ...

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Macroeconomics is not a Strength of Turkey’s Erdogan

Feathers were ruffled this week as Turkish President Recep Tayyip Erdogan vowed to take greater control of monetary policy if he wins elections next month. There are two main issues that confront Turkey; money and power. Turkey is a parliamentary republic and the presidency largely ceremonial, but Erdogan won a referendum to increase his powers and abolish the post of ...

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