by Dave Allen, The International Forecaster:
Courtenay Brown and Neil Irwin have been spot-on with their analysis of the economy recently.
Yesterday, they wrote that the “strong labor market continues to be the economy’s bright spot.”
They say it could stay robust even as the Fed sends the economy into a slowdown if, that is, “businesses hoard workers to avoid repeating past mistakes.”
Employers, particularly in industries that have struggled with labor shortages, may be more reluctant to lay people off, even as rising interest rates and other factors slow consumer and business demand.
With Sri Lanka’s short-lived green revolution of 2021 having quickly devolved into a real revolution just one year later, complete with the ouster of former president Gotabaya Rajapaksa’s incompetent and authoritarian government this past week, now is a good time to hammer home not only why the effort failed, but why so-called ESG (environmental, social, and governance) policies and the green energy movement more generally are hopeless and destructive wastes of time.
…that is, they will ATTEMPT to lock down the whole place.
