Blog Posts

  • May 1, 2012
    I was finishing a talk last week and enjoying some Q&A with the folks who stayed behind when a youngish man approached me and asked me what I thought of the HPI or Happy Planet Index.  He was surprised when I mentioned that I knew nothing about it. So I told him that I would look into it...

  • April 26, 2012
    I was listening to someone give a presentation on economic trends recently, and he mentioned that it is a VUCA world and the forecasts he was presenting should be understood in that context.  I never heard of VUCA and assume that many others may not be familiar with the term.  It stands...

  • April 24, 2012
    A look at the headlines in Europe shows that there is a strong ant-incumbent and anti-austerity movement afoot.  The Netherlands have seen an early break up to the ruling coalition.  France’s President Sarkozy lost the first round in his re-election bid to a socialist who would like to...

  • April 19, 2012
    Saving for retirement could get more expensive for most Americans because of the budget deficit. Lawmakers are looking into reducing specific tax breaks as they begin to grapple with the US tax code while wrestling with an ever-larger pile of US debt. The push by some Republican lawmakers to...

  • April 17, 2012
    We talked a week ago about taxes in the blog entitled “A Matter of Fairness.” I commented at the time that there were reasonable solutions to our Federal, State, County, and Local Government deficit problems. The One Percent Solution is a simple, effective plan. It is a powerful yet practical...

  • April 12, 2012
    I was presenting our economic outlook to about 250 C-Suite executives in San Francisco and was answering a question on tax policy when a woman in the back of the room made the following statement: “It is a sin for someone to own ten homes.” I asked her if she meant a Biblical sin because I...

  • April 11, 2012
    The administration is promoting the Buffet Rule “as a matter of fairness.” Many figures are thrown around in the discussion about who pays how much, but the “fairness” question is not about moving a tax rate from 15% to 30%. The discussion really goes to the heart of the American question of the...

  • April 5, 2012
    The FOMC March 13 meeting minutes are now available. While I am sure most people would find the minutes captivating reading, I thought I’d provide just a few highlights. The bottom line is that the 10-person Federal Open Market Committee voted to support a stronger economic recovery through a “...

  • April 4, 2012
    I recently had the privilege of listening to my friend Jade West* give a talk to a group of C-Suite execs in Rancho Mirage, CA. Jade brought up the subject of federal regulations and presented some fascinating information from a recent article on the subject.** But before we look at the effect of...

  • March 29, 2012
    At a recent meeting of the National Association for Business Economics, Dr. Ben Bernanke stated that interest rates must stay low in order to create jobs. His remarks indicate that he was not very encouraged by the job creation to date and he thinks the economy needs more propping up from the...