Insight and analysis to build a stronger economy for all
- July 5, 2021
Business costs are driving persistent inflation due to multiple factors. Labor shortages are severe in the manufacturing, warehousing, retail, leisure, and hospitality sectors. Lack of workers drives wages up across thousands of businesses forcing management to raise prices to end customers and consumers. Rent prices are surging in the suburbs. Commodity shipments are bottlenecked causing hoarding driving prices up further. We examine all these factors driving embedded inflation into the economy.
- May 27, 2021
The pandemic triggered a shock to both supply and demand in the economy. Management had no choice when lockdowns spread across the country but to lay off workers and ask those still working to work from home. We examine the huge 37% job churn rate, of which 26% of these workers changed employers.
- April 1, 2021
Our economy has entered the twilight zone. Today, economic leaders base policies on a hoped-for utopia with bubbles called ‘growing markets’ and greed termed ‘good valuations’. The twilight zone economy is a place where fundamentals have disappeared.
- February 21, 2021
Popular forecasts call for a return to pre-pandemic levels of employment and economic activity by yearend. Really? We are not so sure.
- January 10, 2021
A look at the path of the pandemic, the economic destruction it caused, and the five forces that will drive the economy in 2021 and beyond.
- December 12, 2020
Patrick Hill provides an update on the pandemic and explores how the economy will play out as we resume more normal activities.