Some Common Cents for January 15th 2016

January 16, 2016, by John Norris

According to the Federal Reserve, loans and leases on the books of US commercial banks in the United States totaled in the neighborhood of $6.785 trillion in December 2007. The amount of deposits banks had to cover these loans totaled $6.664 trillion. In other words, banks were fully “loaned up.” Also according to the Fed, loans and leases at US commercial banks were about $8.518 trillion in November 2015, and banks had around $10.962 trillion...

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Some Common Cents for August 28th 2015

August 28, 2015, by John Norris

Not long ago, my father and I were talking about McDonald’s, and the reasons for that company’s declining market position, or at least the perception of it. He threw out the oft-given explanations, things like changing American consumer patterns and more flexible competition, and there is a lot of truth to that. However, I said the core reason is much simpler: everyone else simply caught up. By that I meant, McDonald’s single biggest comparative advantage...

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