Why Retail Sales Are Going to Continue To Disappoint

I’ve argued for years that the American economy has to restructure itself to be less dependent on consumer spending and more dependent on value-creation activities such as manufacturing. This article from today’s Wall Street Journal is the latest piece of evidence that retail spending is in a permanent, secular decline: Basic Costs Squeeze Families Health […]…

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The Global Economic Implications of The Bill Cosby Tragedy

Talk about link bait. Gotcha. No, seriously, I do have a point to make. I’ve seen some excellent commentary about how so many people were unwilling to accept even the possibility that Bill Cosby drugged and raped women. He was a symbol to white people that relations with Blacks could be positive. And he was […]…

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A Smart Take on Japan From the WS Journal

Every time there is a negative headline about Japan, the American media–particularly The New York Times–writes the entire Japanese economy off. This has been happening for decades and we’ve consistently been wrong, leading to a dramatically reduced understanding of how competitive Japanese companies really are. In the most recent case, Japan has tilted into a […]…

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