Category Archives: Main Page

Some thoughts on tipping

Posted on May 17, 2023 by Danielle Park

In Ontario, the general minimum wage, including liquor servers, bartenders and waiters, is $15.50 per hour. In some areas of the US, the minimum wage for tipped services is, unbelievably, $2.13 per hour, the same minimum that was established in … Continue reading →

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ECRI: Fed not cutting despite bad things happening

Posted on May 17, 2023 by Danielle Park

The Fed’s inflation outlook is “totally disconnected from what the market wants,” @businesscycle Co-Founder Lakshman Achuthan, alongside @SPGlobal’s Paul Gruenwald. “The market is looking for a [rate] pause or a cut, and that is just not in the cards.” (Too … Continue reading →

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Outlook sours on tight credit and fewer loans

Posted on May 16, 2023 by Danielle Park

The May 2023 Dallas Fed bank credit survey results were just released, and the data is recessionary. It’s not just consumer credit that’s in decline. Commercial and industrial loans have contracted at a 14% annualized pace since mid-March and loans … Continue reading →

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