Blog Posts

  • June 28, 2017
    Every few months there tends to be a popular question or two that become staples of our Q...

  • June 26, 2017
    I listened to a very informed person talk for 75 minutes recently about the last presidential election, the Trump administration, each political party, polls (and what he said was their high degree of accuracy), and I was impressed by how much he knows about politics. He got his economic facts from...

  • June 20, 2017
    Mitigating risk. Sometimes that is what it is all about. There is risk in any decision. There is risk in not making a decision. One of the risks that we face as a society is demographic. We are aging. As we get closer and closer to the finish line (retirement, selling the business, however you...

  • June 15, 2017
    During one of my recent presentations, a CEO commented: “As advocated by ITR Economics, I’ve been tracking my company’s 3/12 and 12/12 rates-of-change and my business cycle phase for some time. It has been a very helpful exercise that provides me with near-term perspective into the direction of my...

  • June 9, 2017
    The UK will be OK. The UK’s election made for great theater, and I enjoyed watching the process unfold, as did many others based on the questions I am getting regarding the UK and Brexit. The political implications of the election will be discussed for years, but the immediate reality is that...

  • June 5, 2017
    The labor crunch is an ever-widening problem in today’s marketplace. The older, seasoned, veterans are retiring, while the newer, less experienced, workforce is looking for work. There are a multitude of issues at play here, including generational differences with regard to work expectations and a...

  • May 24, 2017
    We talk about our macroeconomic outlook to a lot of people each week. This outlook includes the prospect of slower growth in 2018, especially in the second half of the year. Please note that the indicators we rely on are pointing toward further expansion in the US, both GDP and Industrial...

  • May 23, 2017
    During a presentation on the West coast, our discussion of demographic trends meandered to a hurdle for many businesses over the next several years – bench strength, specifically, at the top end of the order. The Baby Boomer generation peaked at 78.8 million in 1999 and Generation X, is...

  • May 19, 2017
    I just finished sharing the stage with my friend Chris Didier of the Baird Family Wealth Group. We were discussing the hype about the stock market “falling” 1.8% on May 17th. The hype on this was standard fare with words like “drop,” “plummet,” and “300 points in one day.” Chris and I were talking...

  • May 17, 2017
    One of the recurring topics that I discuss with ITR’s clients while on the road is the lack of skilled workers in today’s labor pool. It is an ongoing problem for companies both big and small, and it reflects a tight job market that is now operating at “full-employment” levels. Businesses are...