Most of Bill’s current writings appear on Forbes.com where he is a Senior Contributor.

Consumers Not Borrowing More

Consumers have leveled off their credit: This series does not include real estate loans; it counts credit cards, car loans, etc.  It appears that consumers are trying to limit their debt (good idea), helped perhaps …
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Hiring Will Get Tougher

The employment report should heighten the attention of business leaders on hiring challenges.  First, look at the tightening labor market: Our 4.7 percent national unemployment rate is a far cry from a few years ago. …
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Investment Returns in First Quarter

The Capital Spectator has a neat chart on first quarter investment returns.  View it here. Although the stock market has looked anemic to my eye, small caps, emerging market and developed country stocks really did …
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Peak Oil Again

After posting the comments on peak oil theory yesterday, I ran across two good articles on the topic. "Peak Oil Panic" by Ronald Bailey in Reason Magazine’s May 2006 issue is an excellent summary of …
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Peak Oil? Make Sense?

Oil production will peak some day?  Probably.  But a peak that’s 100 years out is not too relevant to today’s decisions.  If oil production peaks due to falling demand, as would happen with development of …
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Bankrupt Industry, Bankrupt Business Model

The airline industry is, by and large, bankrupt.  Google "airlines in bankruptcy 2006" and you’ll see plenty of names: United, American, Delta, Northwest, Aloha, ATA, US Airways.  Since the beginning of commercial air travel, the …
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