Peter Morici

Latest News

Obama’s Anti-Business Tax Agenda Chasing Burger King to Canada

Burger King’s effort to acquire Tim Horton’s, a Canadian purveyor of coffee and doughnuts, is a good business decision, but its choice to locate corporate headquarters north of the border would be the direct result of President Obama’s anti-business tax policies. Aug 26, 2014 6:47 AM PT

Stocks Could Rise Another 25 Percent

Stocks may be near record levels but the bull market is not done. Digital technologies permit businesses to use investors’ cash far more efficiently these days, and could easily push up stock prices another 25 percent. Jul 30, 2014 8:02 AM PT

Real Unemployment Rate Is at Least 18 Percent

The jobless rate may be down from its recession peak of 10 percent, but much of this results from adults, discouraged by the lack of decent job openings, having quit altogether. They are neither employed nor looking for work. Jul 29, 2014 4:18 AM PT

Ryan's Entitlement Reforms Would Promote Work

Poverty is as endemic today as it was when President Lyndon Johnson inaugurated the War on Poverty, and Rep. Paul Ryan (R-WI) is offering sensible proposals to change things for the better. Jul 24, 2014 6:58 AM PT

Up Next: A Double Whammy of High Unemployment and Inflation

The economy is recovering from a harsher than normal winter, but the pace of growth the balance of this year and next will not create nearly enough decent jobs for the millions unemployed and recent graduates working at venues like Starbucks. Jul 16, 2014 7:53 AM PT

Washington Debauchery and the Fed Folly

Federal Reserve Chairwoman Janet Yellen will testify to Congress Tuesday and Wednesday about the economy and future fed policy. We won’t learn much about either, because the Fed refuses to recognize the facts on the ground. Jul 14, 2014 7:18 AM PT

Even at Record Levels, Stocks Have Plenty More Room to Rise

Stocks may be trading near record levels, but the bull market still has plenty of room to run. Changes in technology and the economy that permit businesses to use capital far more efficiently will likely drive equities much higher. Jul 11, 2014 12:49 PM PT

Even at Record Levels, Stocks Have Plenty More Room to Rise

Stocks may be trading near record levels, but the bull market still has plenty of room to run. Changes in technology and the economy that permit businesses to use capital far more efficiently will likely drive equities much higher. Jul 11, 2014 12:00 PM PT

Jobs Growth Improves but Hardly Enough

The economy added 288,000 jobs in June. Overall jobs creation has improved in 2014, but it remains far short of the 390,000 needed each month to keep up with population growth and genuinely reduce unemployment, and well less than the pace accomplished during the Reagan-Clinton prosperity. Jul 3, 2014 9:16 AM PT

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