Parisian Family Office, CEO. Began Wall Street, 82. Founded investment firm, CHIPPEWA PARTNERS, Native American Advisors. Member, White Earth Chippewa Tribe. Was NYSE/FINRA arb. Conservative, raised on Native reservations. Pureblood, clot-shot free. In a world elevated on a tech-driven dopamine binge, Dean trades from Ghost Ranch, on the Yellowstone River in MT, TN farm, Pamelot or CASA TULE', his winter camp in Los Cabos, Mexico. Always been, will always be, an optimist. Chase your dreams!

Friday, June 01, 2018

Does ANYONE work in America?

In May, the number of people not in the labor force increased by another 170K, rising to 95.915 million, a new all time high.

Adding to this the 6.1 million currently unemployed Americans, there are 102 million Americans who are either unemployed or out of the labor force (and it is also worth noting that of those employed 26.9 million are part-time workers).
In other words, contrary to prevailing economist groupthink, there is slack in the economy, and if as the latest Beige Book revealed, employers are now hiring drug addicts and felons to make up for the shortage of qualified candidates, a long time will be pass before wages see significant gains.

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