Long-Term Contracts Can Go Bad: WeWork Example
Long-term contracts are both useful and dangerous. Understanding the risk is necessary to get the full benefits of the deal.
Companies that have wanted to better connect with their clients have used economic newsletters written by Dr. Bill Conerly. Corporate boards of directors that want to ensure they are considering relevant economic information receive regular reports from Dr. Conerly.
He writes regularly at Forbes.com and is the author of two books: Businomics: From The Headlines To Your Bottom Line—How To Profit In Any Economic Cycle and The Flexible Stance: Thriving in a Boom Bust Economy. He is co-author of Thinking Economics, a multi-media high school economics curriculum used in 34 states.
Long-term contracts are both useful and dangerous. Understanding the risk is necessary to get the full benefits of the deal.
The Federal Reserve’s September 2023 decision highlights problems in monetary policy: time lags and uncertainty of forecasts. Their job is inherently difficult.
Here are the most recent actual data as well as forecasts, finishing with a perspective on setting wage increases.