This could change given uncertainties in world governments and extended climate issues. An aging population spends less and technology continues to drive down prices.
The Federal Reserve is tapping on the brakes with bond sales and measured interest rate increases. During the current expansionary phase of the economy, we welcome a little more inflation, and at this point do not see it getting out of control. Companies have more flexibility in pricing, financial firms profits increase, stock markets generally rise, and bond yields go higher. Rising inflation is not all bad for our economy, as long as it does not spiral upwards. Home prices are now above the 2006 peak as measured by the Case Shiller national median and climbing. This weakening Dollar will increase the price of imported goods. The Dollar has dropped sharply this year against the Euro, the Yuan and the Mexican Peso. Both the skilled work force and unskilled labor are in high demand, which will drive up wages. We are starting to see signs of accelerating inflation.
#THE KINGSTON TRIO THE MERRY MINUET FULL#
Slow steady growth, low inflation/low interest rates and full employment seem to have become the norm. that has not been volatile has been inflation. These offsetting forces have kept inflation in check for some time, but have wreaked havoc in many sectors of the economy. Offsetting this is mass migration away from developing countries, rising nationalism worldwide and increasing demand for workers at both ends of the skill scale. An aging work force in the developed countries, accelerating and disruptive technological change, urbanization and global trade are dominating economies. The major economic forces in the world today are at a crossroads. Catastrophes and maniacal dictators have always been with us and yet so far we seem to be able to power through it all. I find the fact that the song was written in the late 1950’s somewhat comforting. “…What nature doesn’t do to us will be done by our fellow man.” Sound familiar? This last quarter seemed to echo those fears. It started like this: “…There’s hurricanes in Florida…” and it ended with thoughts about the atomic bomb. He has also written and consulted extensively about government.The cold war era song by the Kingston Trio “The Merry Minuet” 1 was first performed in San Francisco at the hungry i nightclub almost 60 years ago. Lawrence College, Kingston and was an occasional Visiting Professor at Queen's University. Richard Tindal, Ph.D is a retired Professor of Government. It’s hard for me to like anybody very much!Ĭ. When everyone’s grasp of reality is so out of touch,
#THE KINGSTON TRIO THE MERRY MINUET FREE#
I’d rather be free and die than listen to some science guy. Sanity is in retreat with each Trumpian Tweet. With locusts Africa is beset and ants in Britain mean cover your mouth. We’re sweltering in heat, then drowning in rain.ĬOVID is everywhere causing anguish and strain.įeral pigs were a threat and killer bees coming up from the south. There’s a wee scandal in Canada, as you doubtless can tell. They’re rioting in America and protesting as well. Italians hate Yugoslavs, South Africans hate the Dutch The French hate the Germans, the Germans hate the Poles The whole world is festering with unhappy souls I am sure the latter can be improved upon and you are encouraged to share your thoughts on the subject. To refresh your memory, here are the opening lyrics from the Merry Minuet, along with my first go at an updated version.
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