In 1972, $98 was a lot of money to me, but I bought a handheld Texas Instruments calculator anyway. It was amazing, because it could add, subtract, multiply and divide so much quicker than I could. Today, a short walk through Best Buy seems like a different planet. Not just the acceleration in technology change, … Continue reading The times, they’re a’changing . . .
The Flinchum File
Thoughtful Economic Analysis and Existential Opinions
The President has been arguing that China needs a trade deal more than the U.S. needs a deal. He correctly pointed that that China’s external debt has increased dramatically from $1.3 trillion to $2.0 trillion in only three years. That is not a “fake fact” but can be misinterpreted. However, because most financial crises begin … Continue reading Fake Argument
All I want for Christmas . . . is an end to all this impeachment coverage on the news. Of course, it is important, but it is not the only important news. Whatever happened to the Kurds? Why did the French president call NATO “brain-dead”? Why has the Russian economy NOT collapsed? Is there life … Continue reading Dear Santa,
Like a hot shower at the end of a long day, Friday’s monthly report on the labor market was simply refreshing. Following the slow drain of a lingering trade war, declining GDP growth, a badly weakened manufacturing sector, a major strike at GM, falling consumer confidence, and slowing job creation, our country still produced 128 … Continue reading 109 Straight Months