Serenity Economics: Most of us are familiar with the “Serenity Prayer” which says,“God grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference.” Turns out that this is good advice when it comes to making decisions in the midst of economic un-controllables such as inflation, increasing labor costs and interest rates. ITR Economics Connor Lokar provides some sound “economic therapy” in the latest ITR Trends Talk “Control What You Can Control”.
Closely related to the above is another blog post from Dr. Alan Beaulieu of ITR who provides some timely advice on how to “Stay Ahead of Mounting Labor Costs.”
Check out Dr. Brian Wesbury’s “High Frequency Data Tracker” for year over year economic comparatives.
