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About Keith Molyneaux

Posts by Keith Molyneaux…

Infrastructure Projects Are Frequently Based on Optimistic Forecasts

As a massive infrastructure spending bill winds its way through Congress, state and local municipalities across the nation must decide how to use the funds they may receive. Unfortunately, research shows that these decisions are made based on projections that expect many more people to use these roads, bridges, and other transit projects than ultimately […]

Global Economic Recovery Expected to Lose Steam This Year

The Organization for Economic Cooperation and Development (OCED) has lowered its global growth forecast for the remainder of the year, attributing the slowdown to the Delta variant of the Covid.  In its latest quarterly projections, the research group lowered its projections for both the U.S. and global economies. This is the first downgrade since last […]

Is China Headed For a ‘Lehman Brothers Moment’?

Thirteen years ago this week Lehman Brothers collapsed. While the banking giant’s collapse was not the sole cause of the financial crisis, it was an inflection point that sent shockwaves throughout the entire financial system. Now, economists are having flashbacks watching the potential collapse in China of the massive property developer Evergrande. The implosion of […]

Retail Sales Rebound Despite Delta Variant Surge

Americans increased their spending last month, despite anxieties about the spread of the Delta variant of Covid. Retail sales climbed 0.7% in August, following an unexpected decline in July, according to the Commerce Department. The increase was likely driven by back-to-school shopping, as consumers spent more at big-box retailers and grocery stores. Shoppers also made […]

Meme Stock Investors Set Their Sights on Uranium

Retail investors are looking to turn a radioactive metal into a hot commodity. Prices for spot uranium oxide have climbed more than 60% since the middle of July, and closed last week at the highest level since 2014. Members of Reddit’s WallStreetBets forum, the group at the heart of the meme-stock frenzy earlier this year, […]