Blog Posts

  • December 15, 2017
    For more than a year now, ITR economists have consulted with businesses (via our Leading Indicator programs) to increase their prices as a means of protecting their profitability from higher labor and material costs. However, there’s another reason why companies should look for opportunities to...

  • December 1, 2017
    The economy is generally purring along as we head into the close of 2017. Indications are that 2018 is going to be another good year for businesses tied to US GDP and/or World Industrial Production. We are seeing signs that support our expectation of a slowing/flat economy for 2019. Since nothing...

  • November 24, 2017
    Tax reform, which has dominated much of the Q...

  • November 24, 2017
    H-B1 visas, and immigration in general, can be a highly politicized topic. It can also be emotionally charged. We are going to keep this at the dispassionate economic level, and as Joe Friday used to say, stick with ‘just the facts’. The administration has slowed the inflow of people using H-B1...

  • November 22, 2017
    The overriding concern I have for the US economy is the labor shortage. However, every recently minted college grad is going to ask “what shortage? I am right here!” People (including ITR Economics) are looking for future employees with very particular skill sets, performance track records, and...

  • November 15, 2017
    Inflationary pressures have had a much bigger impact on business profitability in 2017 than they did in 2016. The latest reading for the Producer Price Index (PPI), a measure of inflation for companies rather than consumers, was up 3.3% compared to this time last year (on a month-over-month basis...

  • November 8, 2017
    Robots! Have you heard the myth that robots are going to eliminate all our jobs? There is no basis for this, but the fear seems real enough as I talk to people. And have you heard that there is no manufacturing left in this country? There is no basis for that one either. Yet, these opinions persist...

  • November 1, 2017
    President Trump is reportedly considering nominating Jerome Powell as Federal Reserve Chair. This is a powerful position in the US economy as the Fed determines monetary policy, such as interest rates, acceptable inflation, money supply, and exchange rate goals. (While the President and Congress...

  • October 25, 2017
    At my last presentation, someone asked about China’s currency manipulation, specifically efforts to weaken the Chinese currency. It is an interesting question, but one that relies on an outdated narrative. China’s most recent currency devaluation came all the way back in the summer of 2015, in an...

  • October 23, 2017
    An oft-asked (two-part) question: What can we expect from the evolution in automobiles to electric vehicles? Will this be devastating to the oil and automotive industries and, thus, to our economy? The disruption to the oil industry, and to related jobs and infrastructure, would indeed be...