Who Needs a Recession When You Have Demographics?

After this Globe and Mail column came out, I had a friend call and ask whether he should re-jig his portfolio to get rid of his auto stocks. The piece is about demographics, and specifically about the implications of the fact that people spend differently over their lifetimes (spoiler: as you age you are more […]

What if You Had a Recession But the Unemployment Rate Didn’t Rise?

Okay, we have to talk about a recession. It might not happen, but enough indicators are suggesting that it is a possibility that we do have to go there. At the moment, we have these incredibly low unemployment rates in Canada and the U.S. but how quickly could those disappear if the business cycle takes […]

You’re Not Old, You’re Perennial

This is my latest article for the Globe and Mail..this time on ‘Perennials’ as older workers are sometimes called. Those over 55 now comprise about 23 per cent of the U.S. workforce and 21 per cent of the Canadian one, which should not surprise anyone. Perennials now have a higher labor force participation rate than […]