Announced Job Cuts Are Now At Below Average Levels

Challenger, Gray & Christmas, Inc. announced on Wednesday that planned layoffs at U.S. firms fell for a third straight month in October to a 19-month low.

As we’ve noted the labor market is continuing to improve as US economic activity rebounds.

Planned job cuts announced by U.S. employers fell to 55,679 in October, down . . . → Read More: Announced Job Cuts Are Now At Below Average Levels

Too Much of a Good Thing in Australia?

It is indeed an old adage that while goods things are to be preferred over bad things it is possible to get too much of the former. Looking at recent comments from the governor of the Reserve Bank of Australia it is not difficult to imagine how these, albeit old and worn, pearls of . . . → Read More: Too Much of a Good Thing in Australia?

George Soros Think Tank

There is a major flaw in Soros’ justification for spending $50m on a new think-tank. He derides “unchecked free markets” when in fact no such thing exists. You either have free markets checked by customer behavior, or you have markets which have been hampered by government action so producers are free to ignore customer . . . → Read More: George Soros Think Tank