Economy and Trends

Business Owners are becoming more Tech Savvy

Large companies are at the forefront of artificial intelligence and robotics in their need to stay competitive in a tech-savvy workplace. This thought process is now trickling down to small business owners who have come to a fork in the road in automation. The crux of the issue is time. Small business is starting to go digital, as smartphone apps, ...

Read More »

President Trump’s Wants and Policies Are At Odds

Donald Trump has never been shy about telling people what he wants and what he doesn’t want. That was true long before he became president and it has continued since he entered the White House in 2017. Unfortunately what the President says he wants and his own policies are contradictory to one another in several instances. Let’s start with the ...

Read More »

Banking Industry Not Meeting Expectations So Far in 2018

Heading into 2018, expectations for the banking industry were running high and many analysts were predicting that it would be a great year for bank stocks. You had the tax cuts to help the bottom line. Interest rates were rising which would allow the banks to increase the spread between lending rates and deposit rates. And there was an expectation ...

Read More »

New Recession Indicator Trips Alarm

Monday night I heard of a recession indicator that I had never heard of before and it just triggered the first recession alarm. The indicator is the spread between the Bank of America Merrill Lynch U.S. High Yield Index Option Adjusted Spread and the Fed Funds rate. Let me state that I learned of this indicator late Monday night/early Tuesday ...

Read More »

Labor Participation Up, 213,000 U.S. Jobs Added in June

According to a Labor Department Report release Friday, more Americans are entering the workforce. The number of African Americans, in particular, looking for work has spiked by 62.2 percent in June. Four million African-Americans were either working or looking for work in last month. “Friday’s Labor Department report showed the share of American adults working or looking for a job ...

Read More »

Market Keeps Close Eye on Chinese Yuan as Trade Spats Continue

The invisible hand of Adam Smith and free market economics is not exactly what politicians and traders are referring to when speaking of the movement of the Chinese yuan.  Strong election rhetoric by President Trump regarding Chinese currency manipulation is gaining traction again. In a tit-for-tat struggle between the world’s two largest economies, nothing is being left off the table. ...

Read More »

SCOTUS Eliminates Union Fair Share Fees

The Supreme Court on Wednesday ruled that unions cannot force government employees to pay dues. The ruling essentially overturns a 41-year-old decision that had given states the authority to decide whether public employees, including non-members, were required to contribute to the unions that represent them. “The 5-4 decision fulfills a longtime wish of conservatives to get rid of the so-called ...

Read More »

HORIST: Are the #NeverTrump folks really willing to destroy America?

Not long ago, I wrote a piece headlined “Please stop making me defend Donald Trump.”  I maintain a rather objective view of Trump (believe it or not) and have leveled my criticism of his pugnacious and erratic personality – and even my opposition to some policies, such as permanent tariffs.  This type of objectivity is not good enough for the ...

Read More »

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 ...

Read More »

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 ...

Read More »