Looking Backwards … LB #1 The layoffs have begun at Boeing. 17,000 workers were fired as the plane maker goes through a strike. If they are no longer building planes, they need less people and obviously they need to conserve cash. They have offered 30% to the workers and they were turned down according to …
I am sitting here just waiting and watching Tampa Bay ready to be destroyed just like it was before and before and before. It’s gonna look just like western North Carolina in 48 hours with the exception being a sandy backdrop versus forests. It will be destroyed. This needs to be said lest we pull …
Looking Backwards … LB #1 The strike is over. The port workers have reached an agreement ending their potentially crippling strike after three days. This from Reuter’s, “The tentative agreement is for a wage hike of around 62% over six years, two sources familiar with the matter told Reuters, including a worker on the picket …
Hurricane Helene caused over $100 billion in estimated destruction when it smacked the southeast United States last week. Now, I don’t write cliches like I am sending my thoughts and prayers to the flood victims. This is a disaster and that is why it is called as much. If you know what is happening there, …
Looking Backwards … LB #1 We should know by Tuesday whether or not thousands of dockworkers have gone on strike potentially snarling supply chains. This from Owen Klinsky from the DailyCaller.com, “The International Longshoremen’s Association (ILA) — which represents more than 85,000 workers at three dozen U.S. ports along the East Coast and Gulf of …
One of the benefits of hindsight is getting to listen to, read, and learn from those that have lived before and might, might just have some insight that could help our own lives, if we listen. If our nose is in Legend of Zelda or Zappos or TMZ reading about the problems that a character …
Looking Backwards … LB #1 I shouldn’t make fun, but that is kind of what I do. The relief you have waiting for people has arrived. The Fed has cut 50 basis points and for all of you shoppers that means that your credit card interest rate has been reduced from 24% to 23.5% so …
We left off last week looking at the similarities between the spot we find ourselves now and the Great Depression. This doesn’t mean we will have another depression, a great depression, but we are going to have our day in the rain. We must examine the rainmakers of today Don and Kamala. We can juxtapose …
Looking Backwards … LB #1 Jerome Powell has said that interest rates would be higher for longer and he has largely been true to his word. We have had over a year of rates at 5.50% on the Fed Funds rate. It is common historical knowledge that interest rate policy works with a lag, a …
As I mentioned I am interested in the word sequencing. It is the order in which things progress through cycle in particular that have me fascinated. How does the money flow from good to bad and where does it go? I like to say that if the world was a poker game and everyone started …