I ended last week on a note of shared sacrifice. This week, let’s talk about some of the forms that sacrifice will likely take.
May 27, 2014
I ended last week on a note of shared sacrifice. This week, let’s talk about some of the forms that sacrifice will likely take.
May 15, 2014
Recently, several readers have written in with questions about House Bill 2847—specifically, the Foreign Account Tax Compliance Act (FATCA) section, which takes effect in July.
The markets seem to be rallying as the Russians dial down the Ukraine confrontation. After a couple of dips, it looks like we’re edging back into a risk-on mode, with Putin apparently deciding that he has what he needs and it’s time to back off.
May 5, 2014
This will be a short post, as I arrived home at 7:30 this morning after flying and laying over for the past 18 hours or so, so I am a little tired. That said, it was all worthwhile when Jackson came running out of the house to hug me as I pulled up in a cab, then tried to drag my bag—which weighed more than he does—into the house. We did it together—teamwork!
More evidence for the “snowdown” thesis is in. The unexpectedly strong April employment report, with a gain of 288,000 jobs, surprised pretty much everyone, and shows that hiring has come back in a big way after the weak first quarter. Even more encouraging are the upward revisions to first-quarter job growth, with 36,000 more jobs created than were initially reported.
April 9, 2014
I’m back in the office today with no overarching story, but a lot of items worth a look.
March 27, 2014
As I start to put together my commentary for the month of March, one thing that’s become apparent is that the market has weakened significantly. In February, we saw a dip at the start and then a strong recovery, but this month we’re pretty much flat, which conceals several significant ups and downs.
March 26, 2014
After writing yesterday’s post on the reversal of globalization, I spent some more time thinking about the rest of the world. Like most Americans, that’s pretty much how I think of it: the U.S. plus the rest of world. I fully recognize just how inadequate this is, but it remains my default mode of thinking, as it does for most of the U.S. population.
March 25, 2014
Russia is the new poster child for a deglobalizing world, which will result in less economic efficiency and a lower standard of living in many countries. Fortunately, the U.S. will be positioned to benefit from this.
