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I am now entering my fifth decade in the forecasting business (I started very, very young). One of the things I can assure you from these years of experience is that you truly never know what a year … more
Since my Dad went to be with the Lord a couple of years ago, I wanted to relate one of the best stories I can remember while growing up with him. Since Father’s Day is pretty soon, I thought this would be a great way to honor his memory. --- more
By all standard definitions, the US economy is at “full employment,” which loosely means that everyone who wants a job has one. The unemployment rate declined to 4.2 percent in September, and the number of unemployed persons declined by 331,000. At last count in August, there were more than six million job openings across the United States, up more than 590,000 from a year prior and the highest ever recorded. more
As you know, I hate shoppin’. I’d rather jump off a cliff with a firecracker up my nose than go shoppin’, but if I don’t buy “you know who” somethin’ for Christmas, it makes for a really bad New Year. Anywho, a few weeks ago, I was out of town and drove by a huge mall. I had a little time on my hands so I figured I could run in, grab somethin’ for Janet for Christmas, and be done with it. Man, I had to park about 14 miles from the place, and by the time I’d walked to the mall entrance, I was worn out. more
The U.S. personal savings rate fell to its lowest level in more than a decade, setting off a firestorm of speculation about the implications. For 2017, the annual savings rate was 3.4 percent, down from 4.9 percent in 2016 and worse than it’s been since 2007. Late last year, savings dipped to 2.4 percent (the December reading), which is the lowest monthly level since the fall of 2005. more
I thought I’d let y’all read a few things that I have posted on Facebook lately. --- This mornin’ I was in the kitchen standin’ by the pantry when Janet walked in. “You finally decide to wake up?” I asked. She gave me “the look” and then got a questioned look on her face. “What are you eating?” She asked. “Oreos,” I answered. more
A recent announcement by President Trump that he would push for across-the-board tariffs on steel and aluminum set off a firestorm including threats of retaliation from a number of nations (including some of our oldest and closest allies), a significant drop in the stock market, and more dissension and division in Washington. There is good cause for alarm, because if they are enacted, such tariffs would dampen U.S. economic performance and cause harm to a number of industries both in the United States and around the globe. The best case is bad; the worst case is awful. more
Now I don’t know about you, but I love to go into antique shops. Of course the stuff I like to look at is not really antiques, but just old junk. You know, like old coffee pots that cowboys used on their campfires, old knives that have a deer foot for a handle, or maybe an old bear trap. You know, junk like that. more
The Texas Department of Transportation has turned 100. Originally formed as the Texas Highway Department on April 4, 1917, by the 35th Legislature, TxDOT has become a vital part of our quality of life and economic growth. more
These are cynical times we live in, to be sure. From daily political skirmishes and workplace threats to the specter of unhinged world leaders rattling their nuclear sabers, it seems as good a time as any to sit down, draw a deep breath and relax. Thankfully, Christmas is just a few days away. But this most precious of Christian observances has undergone so many major renovations over the years the cynic can point to the crass commercialization of the holiday and mutter “why bother.’’ more
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