Summary: It's time for the monthly festival of misinformation about the jobs report! It shows two key trends giving bad news for investors, the Fed's governors, Team Trump, and America. They shatter the dreams of growth that flowered in 2015 (for the third time in this expansion). This is the second of today's two posts. May's … Continue reading Today’s Jobs Report Is Important, But Not For The Reasons You’re Given
Summary: It's time for the monthly festival of misinformation about the jobs report! It is ugly news for investors, the Fed's governors, and Team Trump. But it might -- perhaps -- point to a stronger future for America. The Roman god Janus sees both sides of the news. So should we. This is the second of … Continue reading The March jobs reports shatters dreams, but might point to a stronger future for America
Summary: The new industrial revolution will have its greatest effect on industries that have large imbalances. Like retail, after decades of overbuilding stores. Lots of jobs will be destroyed. Watch closely, other industries will be hit with similar shocks. Hayley Petersen at Business Insider points to the next wave of the industrial revolution: "The retail apocalypse … Continue reading The new industrial revolution hits retail: prepare for mass firings.