Category Archives: Economics

Brexit

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There has been an interesting development on the other side of “the pond” which is the English way of referring to the Atlantic Ocean.  For more than two years the British government under Theresa May had been trying to come up with a plan to exit the European Union (EU). Most of this action under Theresa May appears to have been a stalling action.  The pols hoped that at some point the British would lose interest and the fact that the voting population had spoken out in favor of leaving the EU would disappear into history.

The fact that the Brits had voted for Brexit was as surprising as PDJT winning the Presidency here.  The polls had all shown that Brexit would go down to defeat.  Supposedly there was little chance it would pass.  The polls were wrong again.

Stalling eventually cost Theresa May her job.  The people were not happy that the UK was still in the EU.  Boris Johnson’s Party achieved a majority around the idea that he would complete the process including, if needed, a “no-deal” Brexit.

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Happy Labor Day!

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Today we celebrate Labor Day in America.  In 2019 we have much to celebrate.  Under PDJT we have seen the labor force swell to numbers never before seen in America.  Unemployment rates are at the lowest levels in more than 50 years.  Unemployment rates among minorities are at historic lows.

Jobs are going begging in some areas.  Companies are posting signs along the roadways by their buildings advertising their open positions.  Signing bonuses have showed up in some industries particularly trucking.  Wages are increasing at rates not seen in a long time.  At the same time inflation has remained low.  This means more money in the pockets of Americans.

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