National Economy

Enfranchising more workers would help close income gap

January 22, 2015, by John Norris

A few years ago, I was talking to someone who met just about every definition of stinking rich. He told me: "you know, I am the poorest of my friends." I laughed, he didn't, and that has stuck with me. The reason is simple: wealthy and poor are relative terms, and we focus too much on them...Read the full article as previously published in the Montgomery Advertiser Jan 17th 2015. The opinions expressed within this...

Read More : Enfranchising more workers would help close income gap - Full Article

What is your biggest prediction for 2015?

January 7, 2015, by John Norris

I have been making economic and market predictions for the better part of two decades, and it gets more difficult each year. The reason is simple: we have access to so much information in our society, it is almost impossible to decide where to start. In simpler times, folks wanted you to guess at the year-end level on the Dow Industrials, and that was about it. Today, I get questions on a whole host of...

Read More : What is your biggest prediction for 2015? - Full Article

Some Common Cents for November 21st 2014

November 24, 2014, by John Norris

Well, he said he was going to do it, and he did it. After a pretty dismal year professionally, one of the worst I have witnessed, President Obama took the proverbial bull by the horns, and effectively altered the existing immigration and naturalization laws on the books. It was certainly a decisive, and divisive, act. Frankly, I found much I liked when I read the highlights of the President’s plan at whitehouse.gov. In truth, I...

Read More : Some Common Cents for November 21st 2014 - Full Article

Some Common (Political) Cents for November 7th 2014

November 7, 2014, by John Norris

You didn’t really think I wouldn’t write about politics today, did you? As you know by now, the Republicans thrashed the Democrats in this past Tuesday’s midterm elections. Some commentators have called it historic, although the trouncing the Democrats gave the GOP in 2008 seems, to me, to have been more dramatic. Perhaps that is how I roll. What now? I am certain President Obama is wondering just what the American public doesn’t understand. After...

Read More : Some Common (Political) Cents for November 7th 2014 - Full Article

John Norris’ latest contribution to CNN Money…

October 17, 2014, by John Norris

I'm going to come right out and say it. This market sell-off is ugly. It's not fun. It's scary. But now it's time to take a deep breath and relax. (And not look at your 401(k) balance.) We've been through this before. It's not the end of the world. It may not even be the end of the bull market that's been going on for more than five-and-a-half years. 2008 was ten times scarier than...

Read More : John Norris’ latest contribution to CNN Money… - Full Article

Some Common Cents for September 26th 2014

September 26, 2014, by John Norris

A few weeks ago, my son asked me: “Dad, what do you think would happen if the sun exploded?” It was around sunset, and I had just said something along the lines of: “John, you know the sun has already set, don’t you? That light you see actually left the sun around 8 minutes ago or so.” So, his question to me wasn’t as bizarre as it might seem at first blush. Further, according to...

Read More : Some Common Cents for September 26th 2014 - Full Article

$15 minimum wage would mean some workers make $0

September 9, 2014, by John Norris

This past Thursday, fast food workers in an estimated 150 cities went on strike for higher wages. Many of the demonstrators called for a $15-an-hour minimum wage. Just how realistic is this? Read full article here as previously published in the Montgomery Advertiser September 7th 2014.   The opinions expressed within this report are those of John Norris as of the initial publication of this blog. They are subject to change without notice, and do...

Read More : $15 minimum wage would mean some workers make $0 - Full Article

Some Common Cents for Sept 5th 2014

September 5, 2014, by John Norris

Just what is money? According to Merriam-Webster, money is: “something generally accepted as a medium of exchange, a measure of value, or a means of payment.” For centuries, people used metals of various types for money, and certain, more primitive, cultures used things like shells, glass, and even rocks. Today, money primarily takes two forms: 1) paper, and; 2) computer keystrokes. Sure, we still pass along metal coins, and people certainly barter and the like....

Read More : Some Common Cents for Sept 5th 2014 - Full Article

Some Common Cents for August 22nd 2014

September 2, 2014, by John Norris

My brother-in-law absolutely loves the movie “Dr. Strangelove or: How I Learned to Stop Worrying and Love the Bomb.” I like it too, but not quite as much as he does. Even so, while much of the humor still holds up today, or should, the younger generations probably get a little lost in the whole Cold War aspect of the film. Really? You were that worried about the Russians? To people born since 1990, that...

Read More : Some Common Cents for August 22nd 2014 - Full Article

End To The Economic Mediocrity In Site?

August 18, 2014, by John Norris

After years of what I would consider a mediocre overall economy, I have to ask: when are we going to see meaningful growth, if ever? This is killing the middle class. So, what can be done? I make a pretty fair number of economic presentations, and always tell audiences to expect subpar economic growth for the foreseeable future. That sounds more complicated than it actually is, because I am being necessarily vague. After all, while...

Read More : End To The Economic Mediocrity In Site? - Full Article