Category Archives: Economy
Not only has job creation and new business formation been weak in the current business cycle, it has been more concentrated geographically than in the past. Unfortunately for the Old Dominion, between 2010 and 2014 that concentration did not occur … Continue reading
In his annual letter to the shareholders of Berkshire Hathaway, Warren Buffett—the world’s third richest person—remarked on the state of the U.S. economy and current political fracas by writing: It’s an election year, and candidates can’t stop speaking about our … Continue reading
Has the recession ended?
That’s a question I get asked frequently from audience members before or after I start a presentation about the economy.
But in the past month, I decided to ask that question to audience members.
About 5 percent of an audience of business people and educators in the Fredericksburg area thought we were still in recession. Continue reading
Following in the tradition of sovereign entities that spend too much, grow government too large, and do not bring in enough revenue to balance it all out, Puerto Rico finds itself facing a grave and escalating debt crisis. This American … Continue reading
In March of every year, the Virginia Employment Commission revises previously released employment estimates with more reliable quarterly census of employment and wages data through an annual process known as bench-marking. If you thought the Richmond region and state were … Continue reading