Archive

“Take This Job and Shove It”

This is the title of a 1977 country music song written by David Allan Coe and popularized by Johnny Paycheck. In January 2017, the number of people quitting their jobs rose to a seasonally-adjusted total of 3.22 million, the highest number since February 2001. The new high in job quitters comes following a number of […]

Read More

Compromise

According to Wikipedia, compromise is to make a deal between different parties where each party gives up part of their demand. The statement “politics is the art of compromise” is a misquotation of a comment attributed to Chancellor Otto von Bismarck, who actually said, “politics is the art of the possible, the attainable – the art […]

Read More

Wealth Effect?

It is clear that there have been significant increases in U.S. household wealth since the depths of the 2009 financial crisis, largely due to substantial increases in stock market and home valuations.  In the past, large gains in household wealth have stimulated higher levels of consumer spending.  This does not appear to be the case […]

Read More

Climate Change and Investing

There really shouldn’t be any question that climate changes.  The real issues are; what is the rate and direction of change, what is causing it, what can or should be done about it and what makes economic sense? These are important questions.  Unfortunately, they would be difficult to answer under the best of circumstances, but […]

Read More

Measuring Change

In the financial markets, change tends to be measured in one of two ways, numerically, that is, the Dow Jones was up 100 points today, or, as a percentage, the Dow Jones was up approximately 0.5%.  While both methods of measurement say the same thing, under some circumstances they may not be immediately seen as […]

Read More

“Somewhere West of Laramie”

So began a 1923 magazine advertisement that became legendary.  The ad was developed to sell a car, the Jordan “Playboy”.  Previously, car ads concentrated on practicalities, such as engine size, the number of forward gears and special features.  “Somewhere West of Laramie” changed all that, to highlight the automobile as a path to adventure, as […]

Read More