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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A Swinging Pendulum: The Tax Reform Initiative That Lies Ahead

by Pierre G. Villere Those of us who are older and have had multi-decade careers have seen this play out before in Washington, D.C.: The opposing party wins the White House, and a majority in both houses of Congress. While the 50-50 split in the Senate is not technically a majority, the vice president holds the power to break a…

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Expect the economy to reach pre-pandemic levels this year

by Pierre G. Villere A couple of months ago, I wrote about my most recent crystal ball prognostications, and expected the decade of the 2020s to resemble the 1920s, a period of unprecedented growth and prosperity coming out of World War I and the Spanish Flu pandemic of 1918-19. I dubbed this economic expectation for the 2020s the “Roaring Twenties…

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Does the suburban shift mean the end of urban life? Not so fast

by Pierre G. Villere In one of the scenes in the iconic motion picture Casablanca, Captain Renault attempts to arrest the protagonist, Victor Lazlo, and in one the most famous lines in movie history, Humphrey Bogart’s character Rick Blaine pulls a gun on Renault and utters the famous words “Not so fast, Louie”… .

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Roaring Twenties Redux?

by Pierre G. Villere Last month, I wrote about the lasting effects of Covid-19 long after a vaccine and herd immunity allow us to climb out of our world of lockdowns, quarantines, masking, and social distancing. I keep hearing about the “new normal,” and thought it would be interesting to review how the world emerged from the last great pandemic,…

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The red-hot housing market is leading the economic recovery

by Pierre G. Villere As I approach five decades of practicing in the investment banking world, one truism that has been consistent is that housing always leads us out of recessions. As a matter of fact, the housing industry serves as a source of strength during an economic recovery, as has been the case in nearly every recession over the…

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Finally! The millennials unleash

by Pierre G. Villere I have been told in the past that I have a crystal ball. I don’t … like the Hans Christian Andersen fairy tale, “The Emperor’s New Clothes,” I just make sure to see the obvious, while others go through life with filtered views that obscure reality. The unleashed power of the millennials and the impact they…

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