Some Common Cents for June 24th 2016

June 24, 2016, by John Norris

Hmm. What to write about today? Last night, I stayed up pretty late watching the BBC report the results of the ‘Brexit’ referendum. I had one eye on the TV screen and another on my iPhone watching global stock futures; it wasn’t pretty. After the vote became a fait accompli, I went to bed knowing today was going to be, well, less than fun, with more than enough red ink to fill the wells of...

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Column: Millennials have been duped

June 20, 2016, by John Norris

I sort through all kinds of labor market numbers to determine the health of the U.S. consumer. After all, our economy is largely based on consumption, and most people base their expenditures on their paycheck. So, you can’t talk about the U.S. economy without talking about the health of the U.S. consumer. You can’t talk about that without studying the labor markets. What have I found? The economic equivalent of a peanut butter sandwich and...

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Some Common Cents for June 17th 2016

June 19, 2016, by John Norris

A couple of weeks ago, my father and I got into a discussion about China’s supposedly aggressive behavior in the South China Sea, namely around the Spratly Islands. He was, and still is, very concerned a belligerent Beijing could cause all sorts of international problems in that area, which would engulf the United States in a faraway war. The problem? I suppose it has to do with the presumption there is a lot of oil...

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Some Common Cents for June 10th 2016

June 13, 2016, by John Norris

This morning, the Bureau of Labor Statistics (BLS) released its Employment Situation report for the month of May, 2016. It wasn’t dreadful in absolute terms like those in 2008, 2009, or during the recession at the start of the century. However, I have poured through hundreds of these reports over my career, some more than others, and I can’t remember another one as worthy of the fireplace as this one. The headline numbers were: 1)...

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