Layoffs in a growing economy: Good or bad?

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If you believe the press and the Fed, the unemployment rate is an important barometer of our country’s economic “health,” as low unemployment is considered a positive sign. It seems natural to think that if more people are producing goods and services, we should be more productive as a nation. But in reality, things are […]

Back to the Fifties

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Perhaps you are old enough to remember the 1950s, a decade characterized by US dominance, technological innovation, and rapidly increasing wealth among the middle class. It was also a period of rising interest rates and robustly appreciating stock prices. I humbly submit that the current decade looks, and may continue to look, a lot like […]