A Different Kind Of Wage Inflation Heralds This Cycle’s End
Towards the end of long expansions (this one is the longest on record) things get tight. Factories operate flat-out and start raising prices. Good workers
Towards the end of long expansions (this one is the longest on record) things get tight. Factories operate flat-out and start raising prices. Good workers
Stocks have completely recovered from their flash bear market of late 2018. But now they face a hard question: Can already record high prices continue
Corporate profitability is one of the canaries in today’s financial coal mine. If companies are making more money each year they tend to hire more
Talk about diminished expectations. This morning’s estimate of 1.4% Q4 GDP growth is being hailed as a pleasant surprise. Which is odd, considering that for
Anyone who doubts that the global financial system has run out of (good new) ideas has only to track the recent words and deeds of
The markets seemed to like what the Fed had to say yesterday, including the part about definitely, for sure, no kidding around this time raising
Companies like Walmart and McDonalds’s have made their investors rich by squeezing costs and cutting prices. But it turns out that low-cost means low-wage, and
Wal-Mart just announced flat year-over-year sales, causing its shares to fall by 9% and wiping $20 billion from its market cap. Which would be unremarkable
Intel is buying chip maker Altera. Charter is buying Time Warner Cable. All the big drug makers are buying all the mediums-sized ones. Great news,
With US QE about to end, the rest of the world faced the prospect of another “taper tantrum” financial crisis, one that this time around
The Eurozone meltdown has sent capital pouring into (temporarily) safe haven currencies like the US dollar, which rose by nearly 12% between October 2011 and
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