John Rubino

Articles by John Rubino

China’s growth over the past decade has been not just impressive, but historically unprecedented. No single country has ever added this many factories, roads, airports and entire new cities in so short at time.

But the transformation...
Today’s Wall Street Journal contains a couple of charts that illustrate a relationship that’s not getting much media attention these days: The fact that tightening labor markets are forcing companies to raise wages, in the process...
Okay, one more look at wage inflation, followed by a short diatribe on the unfairness of life.

As the labor markets get tighter, power is finally shifting from companies to workers. For some reason Iowa is leading the way (the promised...
Economist Peter Bookvar recently analyzed the the anecdotal evidence of capacity constraints piling up in recent industry surveys, including the following:

“Business is strong in all regions. Materials are tight. Trucking continues to...
One of the things giving “data-driven” central banks wiggle room on their pledge to tighten monetary policy is the fact there are several definitions of inflation. In the US the thing most people think of as inflation is the consumer price...
Being huge, consequential and technologically advanced, China isn’t normally lumped into the “emerging” category with Brazil and Argentina. To most observers they’ve already left the kids table and are now seated with the developed-world...
Home prices are still rising pretty much everywhere in the US, with California as usual leading the way. State-wide, the median CA home is now above $600,000, up 9% year over year. In San Francisco County, homebuyers are paying an average...
Europe is frequently held up as an example of how the rest of the world should behave on a variety of issues. But this comparison misses at least two things: First, “Europe” is actually a lot of different countries in a lot of different...
Oil prices are up over the past year, which is bad if you’re, say, a developing country that imports a lot of the stuff. But the US dollar (aka the petrodollar) is also up, which compounds the problem because oil is priced in dollars. So...
Here’s one for the Clueless Regulator Hall of Fame:

Corporate executives are using stock buybacks to pad their own compensation, according to SEC official

(CNBC) – Share buybacks have surged since the Republican-backed tax bill made...

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Spanish Conquistadores invaded the Inca Empire in 1528 to steal their silver and gold.