gradually,-then-suddenly

Gradually, Then Suddenly

Gradually, Then Suddenly Authored by Stefan Koopman via Rabobank, Gradually, then suddenly There’s a passage in Ernest Hemingway’s 1926 novel The Sun Also Rises in which a character named Mike is asked how he went bankrupt. “Two ways,” he said. “Gradually, then suddenly.” It reveals a lot when it comes to success and failure. It’s…

the-one-commodity-that-won’t-stop-soaring

The One Commodity That Won’t Stop Soaring

The One Commodity That Won’t Stop Soaring Authored by Tsvetana Paraskova via OilPrice.com, In the past week, nearly all commodity markets have crashed amid growing fears of a recession, but one commodity price continues to rise. A combination of reduced supply from Russia and an outage at the U.S. Freeport LNG facility has sent natural…

hollywood’s-monetary-policy

Hollywood’s Monetary Policy

Reprinted from EconLib Many great movies are “based on a true story”—meaning some parts are true, but the details, even entire plotlines, are embellished with what is sometimes called “poetic license.” Though it’s not on the big screen (yet), Christopher Leonard’s The Lords of Easy Money: How the Federal Reserve Broke the American Economy is the Hollywood…

private-payrolls-growth-stayed-strong-in-june

Private Payrolls Growth Stayed Strong in June

U.S. nonfarm payrolls added 372,000 jobs in June. While that result would be considered very strong by longer-term historical comparison, it is on the lower end of recent gains (see first chart). The average monthly gain from 2010 through 2019 was 183,000 while the average monthly gain over the last twelve months is 524,000. Private…

understanding-“underpaid”-workers

Understanding “Underpaid” Workers

People frequently allege that, under capitalism, employers don’t pay workers what they are worth to them. Gallup reported in 2018 that 43 percent of workers think they are underpaid, while Robert Half reported the number as 46 percent in 2019. Further, depending how you phrase a Google search of such claims, you will get thousands,…

getting-rid-of-joe-biden–possible-scenarios

Getting Rid of Joe Biden–Possible Scenarios

With the U.K.’s Prime Minister, Boris Johnson, headed for the exits, it is worth exploring whether or not Joe Biden will last his term or be forced into retirement. With growing expectations that the Republicans will sweep the House of Representatives and take back the U.S. Senate, I believe it is worth exploring whether Democrats…