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Manufacturing-Sector Contracts Again in December
“The latest manufacturing survey suggests broad weakness and falling price pressures for manufacturers. The outlook remains highly uncertain. Caution is warranted.” ~ Robert Hughes
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Private-Sector Job Openings Remain High Despite a Second Consecutive Decline
“Private-sector job openings fell in November but remain high, suggesting an ongoing labor shortage. However, the outlook remains highly uncertain.” ~ Robert Hughes
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Economic Reality Is Far Too Complex to Be Improved By Trade Restrictions
“Unlike market participants guided by prices, politicians and administrators literally have no reliable information to guide them. They will therefore be guided exclusively by their own biases and hunches.” ~ Donald J. Boudreaux
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What Deeper Lessons Can We Learn From Southwest Airlines’ Meltdown?
“The lesson of Southwest Airlines’ debacle is not that it was ‘dumb’ or ‘shortsighted.’ Rather, it should make all of us think more deeply about the opportunity costs and benefits of small, or marginal changes in this efficiency-resiliency tradeoff.” ~ Craig J. Richardson
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