the driving force behind virtually everything happening right now in the economy and markets.
And remember that many of your employees – your most talented employees – are gaining a bit more of the upper hand these days
I chalk up the explosion in quits (2.7%, now at a 20 year high) and new business formation to three main causes:
On macro forecasts
Fed statement reaction and reaction to the reaction
Lumber prices crash 42% from spring highs.
You can’t pay people more and then take it back. Maybe in theory but not in real life.
obviously prices are rising for both goods and services throughout the economy. But the statistics are misleading without the context.
The pandemic pulled retail sales forward by two and a half years.