Common Cents for January 18th 2013

January 23, 2013, by John Norris

This morning, the Bureau of Labor Statistics (BLS) issued a nearly invisible report: “Usual Weekly Earnings of Wage and Salary Workers: Fourth Quarter 2012.” While the markets don’t pay much attention to it, I happen to like this thing, as it sheds significant light on the true health of the economy. We can look at job growth, ISM reports, and the like. However, where the rubber meets the road, is the average American worker getting...

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Scarcity of superstars, more leisure time drive up athletes’ salaries

, by John Norris

This week, I read that Notre Dame linebacker Manti T’eo could lose millions of dollars in future revenue because of a hoax involving an imaginary girlfriend. My questions is: Why does society value athletes so much that he stands to lose more money than most people make in two lifetimes?  As previously published in the Montgomery Advertiser read full article here...http://on.mgmadv.com/WfKcb0 The opinions expressed within this report are those of John Norris as of the initial publication...

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Common Cents for January 11, 2013

January 11, 2013, by John Norris

Over the past week, the concept of the US Treasury selling a $1 trillion platinum coin to the Federal Reserve has gotten a lot of media attention. If you haven’t seen the articles, yes, you read that first sentence correctly. While I don’t think we will ever see said coin, I suppose our financial situation has come to that: $1 trillion coins. Let me type that out to put it into perspective: $1,000,000,000,000. As ridiculous...

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With everything going on in the world, why do the business headlines seem so dull and uninspiring?

January 10, 2013, by John Norris

What do you have against 2 percent economic growth? In all seriousness, you are not alone. The headlines have become somewhat boring, and it isn’t the media’s fault. There are only so many ways to say the same thing over and over. If you are like I am, you probably want to scream every time you read or hear the word uncertainty. Then we had hours upon hours of fiscal cliff discussion, almost to the...

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Common Cents for January 4, 2012…Happy New Year!!!

January 7, 2013, by John Norris

Last night, my wife was playing a song on the piano which I couldn’t remember having heard, but I liked it. So much so, I asked her what it was, and she told me it was from the movie “The King’s Speech.” Hmm. Since I hadn’t heard her play it before last night, I asked her when she had gotten the sheet music. Not that I cared that much; we had simply been out of...

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2012 seems to be doing the exact same thing as 2011: coming in like a lion, and going out like a lamb. Does 2013 prove to be any different? I hope so.

January 4, 2013, by John Norris

At the beginning of the year, I would say the following to anybody who would listen: “if you liked 2011, you are going to love 2012.” While the investment markets have been a little better than last year, the economy is about the same, as is Washington. Very little is as we want it to be; however, things aren’t as bad as we really fear, primarily because we fear the worst. Guess what I am...

Read More : 2012 seems to be doing the exact same thing as 2011: coming in like a lion, and going out like a lamb. Does 2013 prove to be any different? I hope so. - Full Article