Another Look at the Pandemic: How the Fed Stepped in to Save the Economy

by Pierre G. Villere It is always interesting to see how quickly our attention and focus can turn from one crisis to the next, with the former being forgotten and seen only in the rear-view mirror. Of course, the media gives us no choice, as it is their focus on the story of the moment that gets the ink.  With…

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How Increasing Wages Are Affecting Our Economy

It’s February, so some of the year-end economic metrics for 2021 are starting to be reported, and it is no surprise to see that wages took a big jump last year. Wage increases were fueled by the unexpected supply chain morass that the Covid-19 lockdown precipitated, and were further compounded by the amount of stimulus cash that was injected into…

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The Private Equity Juggernaut Will Plow Forward in 2022

All we have to do is look at our retirement accounts to know that a rising tide floats all boats, and 2021 was no exception. U.S. stocks finished a third consecutive year of big gains, with major indexes nearing performance records in 2021. Even with the recent turbulence from the Omicron coronavirus variant, the S&P 500 saw a 27 percent…

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We Have Our Infrastructure Bill – But Remember the Cautionary Tales

Finally. After months of wrangling and tortuous back-and forth, Congress finally passed our big infrastructure bill, and the President signed it. Thank goodness. The Infrastructure Investment and Jobs Act, also known as the IIJA, holds much promise for a nation that had been woefully short on maintaining its transportation, environmental and utility infrastructure. But there is a long history of…

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The Billionaires Tax Proposal

In theory, by the time you read this, we should have passed our infrastructure bill, which has been held hostage now for months by the four parties in Congress who are fighting each other to advance their respective agendas. Four parties? And you thought there were two? Try the Progressive Democrats, the Moderate Democrats, the Populist Republicans, and the Conservative…

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The Direction Of Interest Rates: I Stand Corrected

Last month, I wrote about how the Fed may start tapering the stimulus it has injected into the economy, drastically increasing liquidity against the eruption of the pandemic and the sudden recession it thrust upon the global economy, and the U.S. in particular. While the general tapering of the Fed stimulus won’t have any real impact on our daily business…

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The Economic Fun Is Here – Will Delta Derail It?

Various reports from our industry press mark a jump in ready mixed concrete production in April, which is just a thumbnail indicator of the health of the overall economy. Production was estimated at 35.6 million cubic yards, an astonishing 20 percent higher than in April 2020. Moreover, the estimated production nationally through April is 114.3 million cubic yards, approximately 6.8…

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An Overview Of The Labor Shortage

by Pierre G. Villere As we were going to press this month, all eyes in the human resources world were on the continuing labor shortages; a news story that went viral reported that a Burger King restaurant in Latrobe, Pa. had hung out a banner offering a $1,500 signing bonus, which was later clarified when management explained it was for…

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