Last January I pulled a report from the St. Louis Federal Reserve and repeated that post today to see how things have changed. Each quarter in which Real GDP falls below the potential of the economy, costs about $5.3 Billion of forgone economic activity each quarter. There is something materially different going on here, so [...]
Labor productivity is a complicated issue for healthcare which if there is interest I’d be pleased to explain. For our purpose I’ll speak to productivity for SLP’s which though simple, are often wrongly done and misleading.
For SLP’s it breaks down to capturing the data correctly and completely, followed by doing the right math. By [...]
If through all you hear in the news is about the government needing money, I found it. It’s in our under performing economy.
The economy is grossly under performing (red line = real GDP) below our potential (Blue line = Potential GDP) to the tune of over $288 billion a month of forgone business [...]
As years have passed, now over 58, I’ve become increasingly respectful of how little I know in comparison to all that is knowable. I have found it high beneficial to give an earnest ear to all, especially those with whom I disagree so that I might learn, be better informed and make better decisions for [...]
Reflecting upon the Obama Presidency, haven’t we seen this play before?
In the Broadway Musical “The Music Man”, the very charismatic, handsome and articulate Professor Harold Hill (a traveling salesman) lands in River City Indiana for the purpose of selling to the community musical instruments and uniforms for a Boy’s Band. In order for him [...]