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America Is Losing Its Entrepreneurial Edge

Posted on January 21, 2015

tony-sagami

By Tony Sagami I’ve been self-employed since 1998, and let me tell you, the life of a business owner isn’t easy. It’s filled with long hours, a relentless amount of paperwork, and uncertainty over where your next paycheck will come from. If you’ve ever owned a business, you know exactly what I’m talking about. Difficult […]

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Oil Bust: “Sell North Dakota; Buy Cleveland.”

Posted on January 7, 2015

Brent crude oil prices fell below $50 a barrel for the first time since May 2009 on Wednesday as global business growth slowed to its weakest in a year, and analysts said a growing supply glut meant more falls were likely. The pace of global business growth eased to its weakest rate in over a […]

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Bubble Indicator: “Sell New York; Buy Cleveland.”

Posted on January 7, 2015

The average apartment price in Manhattan hit a record $1.72 million in 2014, as the New York wealthy and overseas rich continue to seek safety in the New York skyline. While sales volume is slowing, prices continue to rise in New York as strong demand competes for historically low supply. The average sale price for […]

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Dining With Scrooge

Written by Gary North on December 25, 2014

christmas-carol

I have endeavoured in this Ghostly little book, to raise the Ghost of an Idea, which shall not put my readers out of humour with themselves, with each other, with the season, or with me. May it haunt their houses pleasantly, and no one wish to lay it. — Charles Dickens (December, 1843). Little did […]

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Blaming the Geezers, Not the State

Written by Gary North on December 22, 2014

geezers

The prestigious Financial Times offers an explanation for the West’s pessimism.  It blames aging. It does not blame Keynesianism. It does not blame a loss of faith in the idea of progress, a factor that Robert Nisbet warned against in the Epilogue to his great book, History of the Idea of Progress (1980). It does […]

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Putin Does a Great Herbert Hoover Imitation

Posted on December 18, 2014

putin

President Vladimir Putin said on Thursday Russia’s economy would rebound after the ruble’s collapse against the dollar but warned that it could take two years for the country to emerge from crisis. Under pressure to show he has a plan to pull Russia out of crisis at his end-of-year news conference, Putin supported the actions […]

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No Pay Raises . . . Again

Posted on December 5, 2014

Wage growth around the world slowed in 2013 to 2.0%, compared to 2.2% in 2012, and has yet to catch up to the pre-crisis rates of about 3.0%, according to the ILO’s Global Wage Report 2014/15  *. Even this modest growth in global wages was driven almost entirely by emerging G20 economies, where wages increased […]

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Dissecting the Employment Numbers

Posted on October 4, 2014

employment-chart

By David Stockman The September establishment survey showed a 248k job gain, but that was the seasonally maladjusted, preliminarily guesstimated version which will be revised in October and November, and then re-benchmarked several more times in the coming years. So let’s take a pass on the enthusiasm with respect to this fleeting monthly delta and consider a couple […]

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