This clever bird can teach us all about foregoing a small treat today for a larger payoff later.

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Income Inequality “Notable Quotable”

by Laura Ehrenberg-Chesler on July 17, 2014 in Employment

Regardless of where you stand on the “income inequality” debate,  this “Notable Quotable” from the “Wall Street Journal” makes an interesting point, and one that is worth contemplating. Economist Donald Boudreaux in the Pittsburgh Tribune-Review, Dec. 25: Suppose that Jones chooses a career as a poet. Jones treasures the time he spends walking in the [...]

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Interesting Factoid on Employment

by Laura Ehrenberg-Chesler on July 10, 2014 in Economic Indicators

Ed Yardeni had a fascinating factoid in his research piece yesterday.  I used to think that an elevated ”quit rate” for employees was a negative for the job market.  Mr. Yardeni sheds new light on this piece of data about the labor market. “A remarkably large share of workers quit their jobs every month, usually going directly into another job. [...]

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Baby Boomer Revolution-video from CNBC

by Marilou Long on July 7, 2014 in Education
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Ukraine, Six Months Later – Courtesy of Stratfor

by Marilou Long on June 27, 2014 in Geopolitical

This Geopolitical Diary is reproduced courtesy of Stratfor. In a speech to the Bundestag on Wednesday, German Chancellor Angela Merkel welcomed Ukrainian President Petro Poroshenko’s announcement that a unilateral cease-fire would take place in Ukraine’s embattled eastern regions of Donetsk and Luhansk. Merkel also called Russian President Vladimir Putin’s decision to legally withdraw the threat of [...]

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Large Contraction in U.S. Economy worth a Re-post

by Laura Ehrenberg-Chesler on June 25, 2014 in blog

We try hard on our blog not to recycle the latest news that is easy to access from other sources.  Today is an exception.  CNBC has a good article on the revised GDP number from the first quarter, and I decided to post a section from that article, and give our readers the link if [...]

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Plainspeak on Iraq from a Retired Four Star General

by Laura Ehrenberg-Chesler on June 13, 2014 in Energy

I decided to post this video from an interview this morning on CNBC, with retired Four Star General Barry McCaffrey.  It was a breath of fresh air, as he put into perspective the reality of the situation in Iraq, as well as offering some good advice about any action potential action we may be contemplating. It is [...]

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World Bank Cuts Growth Forecast for 2014

by Marilou Long on June 11, 2014 in Economic Indicators

The bad winter weather in the U.S. that hurt growth in the first quarter is one of the factors leading to the World Bank’s lowered forecast for global growth.  From the linked article: The World Bank on Tuesday trimmed its global growth forecast, saying a confluence of events, from the Ukraine crisis to unusually cold weather in [...]

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Auto Sales at 7 Year High

by Marilou Long on June 4, 2014 in Economic Indicators

It appears that the U.S. consumer has bounced back from the winter blues.  May auto sales hit a seven year high of 16.8 million units at an annual rate.  This number bodes well for a better Q2 GDP number than the -1.0 we saw for the first quarter.  The definition of a recession is two [...]

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“Nothing to fear but nothing to fear” Redux

by Laura Ehrenberg-Chesler on June 3, 2014 in equity market

Over the past few years our favorite economist, Ed Yardeni, has written about periods where the market seems too complacent.  This is a worrying sign for many investors, in that it leaves room for sudden, outsized swings in the market; usually to the downside. Today Ed’s piece is entitled “Fretting about Complacency”.  He enumerates four different indicators of [...]

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