Blog Posts

  • March 21, 2017
    The Trump Administration released the initial budget proposal. The document is not nearly complete, so making specific economic presumptions about the Administration’s concept of the budget is premature. Additionally, no Administration’s budget survives going through Congress intact. While there is...

  • March 16, 2017
    During a recent presentation to a group of CEOs in Texas, I found out about the very tangible and substantial impact that the recent ICE (Immigration and Customs Enforcement) raids are having on the construction sector in the state. Much of the contracted labor used by the construction industry in...

  • March 7, 2017
    The #1 question I encounter on the road is, “Will ITR Economics be changing its outlook based on the new Administration and the Congress?” The answer is, “No, we are not changing our outlook.” The stock market is affirming the outlook for rise in 2017, and the bond market is confirming our concern...

  • March 3, 2017
    The people I talk to seem to have more optimism than I have seen in a long time. Optimism is good at one level because it leads us to invest in our people and in our businesses in general. A bright view of the future is even infectious and can positively impact the morale within the entire...

  • February 24, 2017
    Baby Boomers are still by and large in charge, and that may not always be a positive thing for the business. Leadership inherently involves risk, but how much risk are we willing to take on as we near the “end zone” of our careers? When you foresee the need to cash in your “chips,” it seems natural...

  • February 20, 2017
    There is nothing so powerful as truth, and often nothing so strange. - Daniel Webster Real incomes are rising in the US. The trend is not a straight line, as evidenced by the chart below. The median annual earnings trend (adjusted for inflation) shows that there are periods when the trend...

  • February 9, 2017
    “There is little doubt that there is a need for increased infrastructure spending in the US. Roads, bridges, energy generation and distribution, railways, and water systems are just a part of the picture. The increase will translate into more jobs and more business for contractors and material...

  • January 31, 2017
    Does ITR have any current published thoughts or economic trade impact scenarios you could share? Withdrawing from the TTP process and potentially altering NAFTA has a lot of political overtones that are far more immediate than the economic implications. That is not to say that we haven’t seen...

  • January 17, 2017
    The good news for the economy continues to come in. We have leading indicators that are going up. Corporate profits are on the rise. GDP is growing at a faster pace. Housing activity is strong and industrial activity is starting to recover. The economy is gearing up for a better 2017 and we...

  • January 5, 2017
    For Immediate Release: 01/05/2017 ITR Economics Celebrates Its Newest Service...