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October 13, 2014
COMMENTARY – by Michael J. Hicks, Ph.D.
Conditions hint that we could be in for another financial crisis.
Nowadays about three-quarters of households will eventually own retirement plans. This makes most of us dirty capitalists who wish to see our retirement funds grow. This motivates us, or more typically the financial firms that manage our funds, to seek out the optimal mix of risk and reward for our hard-saved dollars. Today’s financial markets offer few good choices for retirement investments, and that is both a symptom and cause of a problem.
Read the full text: Worrying About a Stock Bubble
Last week's commentary: More Wisdom in Tax Increment Financing
The website CBER Data Center has earned the Award of Excellence in Website Design by the Association for University Business and Economic Research. Employees involved with the project include Graham Watson (coding), Victoria Meldrum (design), and Srikant Devaraj (data).
CBER Data Center portal page: http://cberdata.org
Have you read a news article about a CBER project or study? Most of our work is available to the public through our project database. You can search our archives by subject, client, and year of publication.
CBER Projects and Publications Archive: http://projects.cberdata.org
DID YOU KNOW? – by Dagney Faulk, PhD
Employment numbers for industry sectors were recently released for September 2014. I took a look at job growth in the service sectors (includes wholesale, retail, financial activities, business services, education and health and more) and goods producing sectors (includes mining, construction and manufacturing).
Jobs in the service providing sectors increased by 2.24 million (1.9 percent ) to 120.3 million jobs since September 2013. Over the same period jobs in the goods producing sectors increased by 445,000 (2.34 percent ) to 19.5 million workers. The graphs below show the steady increase of jobs in the service providing sectors and the variability of jobs in the goods producing sector since the late 1930s.
Table: Employment by sector
ECONOMIC INDICATORS – View all economic indicators (CBER Data Center).
WEDNESDAY: U.S. Producer Price Index, Monthly
WEDNESDAY: U.S. Retail Sales, Monthly
FRIDAY: U.S. Housing Starts, Monthly
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