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cost cutting

The Fuss About Wages Is The Fuss

By |2015-08-03T12:26:49-04:00August 3rd, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

The latest FOMC policy statement was dominated by a single, added word; “some.” As far as actual policy maneuvers I doubt it will make much of a difference, but it certainly adds more flavor to the growing evidence the US economy isn’t anywhere near close to what it should have been by now. In other words, even the mainstream economic [...]

Turns Out The ‘Rising Dollar’ Is Real

By |2015-04-23T11:47:30-04:00April 23rd, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

The purpose of trying to frame revenue and earnings as a figment of dollar calculations is, of course, to make it seem as if these are just numbers that have little meaning. The emphasis on “constant currency” terms is not just a means to alter the figures but the very meaning itself. As IBM has constantly proclaimed, yes, its revenue [...]

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