These guys are ahead of us. What Scared Ford’s CEO in China, WSJ Jim Farley had just returned from China. What the Ford Motor chief executive found during the May visit made him anxious: The local automakers were pulling away in the electric-vehicle race. In an early-morning call with fellow board member John Thornton, an exasperated Farley unloaded. The Chinese carmakers are moving at light speed, he told Thornton, a former Goldman...
Read More »What Happened to America’s Shopping Experience?
The American Shopping Experience has changed over the years with people abandoning in person shopping to internet shopping. What has evolved with the use of the internet is major malls and stores closing their doors and increases in warehouse shopping via the internet. Some History An Austrian-born émigré and architect in 1948, Victor Gruen was stranded on an unexpected layover in Detroit. He toured the streets of greater Detroit to pass the...
Read More »What Happened to America’s Shopping Experience?
The American Shopping Experience has changed over the years with people abandoning in person shopping to internet shopping. What has evolved with the use of the internet is major malls and stores closing their doors and increases in warehouse shopping via the internet. Some History An Austrian-born émigré and architect in 1948, Victor Gruen was stranded on an unexpected layover in Detroit. He toured the streets of greater Detroit to pass the...
Read More »Alan Blinder on Fiscal Adjustment
Alan Blinder published recently two columns on the WSJ (here and here) on the need to exercise fiscal restraint. In both cases he complains that the fiscal deficit is too large. Note that he is not saying that this is always the case, he emphasizes that in the second and most recent piece. The reason, as always, is that we are close to full employment. In his words:"... today we are back at full employment, or perhaps beyond it, ad economic growth kooks solid. The economy doesn't need...
Read More »What, if anything, does Kevin Warsh understand?
I came across this article by Kevin Warsh that appeared in the Wall Street Journal last August, 2016. The article was re-posted by GATA.ORG.As you may know, Warsh is the currently the favorite to take over as Fed Chair when Janet Yellen's term expires next February.If you read the article you will find that Warsh sort of understands that Fed policy is confused and focused on either the wrong things or, things which the Fed has no set of tools to accomplish. On the other hand he seems to lack...
Read More »WSJ’s Top Reason to Defeat Hillary: She’s Against Rape
By William K. BlackAugust 15, 2016 Bloomington, MN The Wall Street Journal’s Deputy Editor, Daniel Henninger, wrote an op ed dated August 10, 2016 designed to convince Republicans to hold their noses and vote for Donald Trump. His means of attempting to convince them was conventional – play on their hate of Hillary Clinton. Op eds need to be brief, so Henninger picked as his argument the single policy he felt would be most compelling to the paper’s readers. It is a testament to how...
Read More »