Category Archives: Economy
Opendoor: Buy the Ticket, Take the Ride
On February 11, 2021, the share price of Opendoor Technologies Inc. (NASDAQ: OPEN) hit an all-time closing high of $35.88. As of market close on Thursday, the stock was trading at just $1.87. That’s over a 94 percent loss. Should you buy the dip? Continue reading
Facing Down a Wrath of Biblical Proportions
An enterprising entrepreneur did a comedic graphic of Federal Reserve Chairman Jerome Powell captioned: “IN JPOW WE TRUST.” You may have seen it. The image shows Powell flamboyantly wearing a preacher’s robe and making an esoteric hand gesture with his right hand. His face is grimacing like he’s passing a kidney stone. Continue reading
Why Labor Productivity Has Collapsed
Recession. Raging consumer price inflation. A Presidential administration that seeks to confuse and obfuscate what’s really going on. These are the realities facing American workers in the dog days of August circa 2022. Continue reading
What Happens When Work Doesn’t Pay
Jobs data reported this week by the Bureau of Labor Statistics show that, as of the last business day of June, there are 10.7 million job openings. Hence, according to the numbers, there are many more available jobs than willing workers. Continue reading
