All Arrows are Pointing to a Stronger Economy in 2024

There has been a confluence of events and happenings in the past few weeks that, when taken together, portend a much healthier 2024 than anyone could have imagined as recently as just this past fall. First, news about inflation has surprised everyone, as we witnessed a sharp decline in the rate of inflation in just the last couple of months…

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The Insurance Challenge Is Here

As I travel around the country visiting with clients and making industry presentations, I hear the same from almost every producer about the challenges in their businesses: not enough drivers, fuel costs, materials cost rising faster than they can pass them on as among the most frequent. But there is another shoe about to drop that may impact producers, both…

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Economic Strength in Construction Shows No End in Sight

A couple of issues ago, I wrote in Concrete Products, sister publication of Cement Products, about how we are willing ourselves into a recession even as the economic indicators point in a different direction. Like so many periods in the past, this is an anxious time in the economy as we try to understand its direction, and despite the positive…

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How Commercial Office Space Vacancies are Affecting Tax Revenues

We all thought putting masks on for a few weeks would be a temporary blip, and that the scourge of Covid-19 would simply go away. Well, as we all know, it cut much deeper into the very fabric of our economy, affecting us in so many ways. First, PPP money and personal stimulus initiatives from the U.S. government fueled inflation…

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Industry Employment: Prepare for the Future

Among the most frustrating aspects of life as we went through the pandemic, and which haunts us still today, is the employment picture. There is no minimizing the magnitude of human tragedy, with an official tally of over 5.2 million hospital admissions and a stunning 1.04 million deaths; the sheer human loss is unspeakable.  But for the vast majority of…

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Another Look at the Pandemic: How the Fed Stepped in to Save the Economy

It is always interesting to see how quickly our attention and focus can turn from one crisis to the next, with the former being forgotten and seen only in the rearview mirror. Of course, the media gives us no choice, as it is their focus on the story of the moment that gets the ink.  With the war in Ukraine…

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