Digital workers might soon replace a significant portion of the labor force, but there are other factors to consider before assuming the economy will thrive as a result. Consider how globalization hollowed manufacturing workforce and the consequences for numerous communities. The potential job losses in the service sector from digital workers could be multiples of globalization. Digital workers do not contribute to taxes, buy food, purchase vehicles, travel, or engage in othe

Fed policymakers may lack concrete economic data, given the government shutdown, but they have a wealth of financial data to consider. Easing monetary policy in an environment of record equity prices and easy credit conditions contradicts one of the Fed's mandates, which is maintaining financial stability. During the peak of the tech bubble, core consumer price inflation was at 2.4%, yet the Fed tightened policy. Today, the Fed operates with a 2% price target, and with core i

In finance, historical patterns frequently repeat, and there are notable parallels between the equity market performance through early...

Consumer price expectations have become unanchored, trending upward, and people's inflation expectations are influencing their purchasing...

Uh-Oh!!! Equity investors might be missing a crucial issue. While equity prices are rising due to anticipated future profits, companies'...

Uh-Oh! Corporate tax payments to the US Treasury are significantly lower compared to the same period last year. US companies make...