Joe CarsonJan 13, 2020December’s Slower Wage Growth Reflects Drop in Incentive Income. Labor Markets Are Still Tight.The abrupt drop in average hourly earnings in December to a 3% gain, 50 basis points below the run-rate of the past year, is as much of a...
Joe CarsonJan 6, 2020The “Real” Phillips Curve Is Not FlatJerome Powell, Chairman of the Federal Reserve, has stated that the relationship between unemployment and inflation “was a strong one 50...
Joe CarsonJan 2, 2020Two Equity Market Booms, Two Policy PathsEquity market booms are far from alike, and their symptoms and causes differ as well. In the past two decades there have been two...
Joe CarsonDec 20, 2019The Politics of “Tariffs” & The Fed The Trump administration used the hammer of tariffs to negotiate a bi-lateral trade agreement with China, but in doing so also influenced...
Joe CarsonDec 13, 2019On Trade: It’s the Manufacturing Trade Deficit That MattersThe financial markets are “cheering” the news that US and China have agreed in principle to a “phase 1” trade deal. That’s clearly a...
Joe CarsonDec 9, 2019Profit “Inequality”. Is It Possible That S&P 500 Companies Make Money & No One Else Does?Inequality has been used to describe the widening gap between household income and wealth. Yet, is it also appropriate to use...