Making a Case for Reduced Inflation

by Pierre G. Villere We like to read the in-depth research on a wide range of topics that can affect the economic health of our industry, since it is our firm’s primary specialty. In the years I have been at the helm, I find the reports published by the global banks to be informative, and usually spot-on. They have large…

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A Look at the Pressures on Our Booming Economy

As a firm, we bristle with optimism. Yes, sometimes it gets tempered when things aren’t going so well in our industry or the economy as a whole, but those setbacks tend to be short-lived. Of course, we missed the timing on what turned out to be a painfully long Great Recession, which will go down in the history books as…

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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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Equipment forecast paints stable picture for construction

Federal fiscal stimulus has played a pivotal role in helping the U.S. economy recover from 2020 jolts, according to the Association of Equipment Manufacturers. Over the next couple of years, the Milwaukee group and economic consultants see additional proposals ushering much potential for the construction industry. “We’ve included the American Jobs Plan (AJP) in our forecast,” says Mark Killion, director…

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Labor Department promotes registered apprenticeships

The U.S. Department of Labor will mark 2021 National Apprenticeship Week November 15-21. The event allows labor and business leaders, educational institutions, career seekers and other partners to demonstrate support for apprenticeships in preparing a highly skilled, diverse workforce to meet the talent needs of employers and train Americans for good-paying jobs across multiple industries. “Registered apprenticeships provide a path…

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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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Equipment Distributors clarify “right to repair” distortions

An expansive White House order issued under the banner of “promoting competition in the American economy” presents 72 initiatives for more than a dozen federal agencies, including the Federal Trade Commission, which is encouraged to limit “equipment manufacturers from restricting people’s ability to use independent repair shops.” The order instructs the FTC chairman to consider working with colleagues to exercise…

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