Jim Lee’s economic analysis in APICS’ on-line newsletter (subscribe at www.apics.org) covers several myths. The first two are pretty straight forward. Myth number 3 takes a bit more brain power:
Myth #3: The stagflation of the 1970s will not be repeated because economies today are more immune to the effects of rising energy prices.
Jim does a pretty good analysis of why we experienced stagflation in the ’70s and why we might again. Bottom line is that we are more energy efficient than ever while at the same time we have been increasing our use through behavior like buying large SUVs. He …read more

Jim Lee’s great perspectives on our supposed economic woes are mythologized in APICS’ on-line newsletter (subscribe at www.apics.org). Myth number 2 of 3 is:
Myth #2: With soaring food and energy prices, the official numbers on inflation (around 4 percent) are grossly misleading.
He reveals that food and energy are 6% of typical household budgets so don’t get too bent out of shape. Rather, look at your housing expenses since they are 40 percent of budgets and have stayed flat. This inflation illusion is hyped by the media and ourselves. This isn’t saying that we shouldn’t be concerned- just that the sky is …read more

Jim Lee’s economic analyses in the APICS on-line newsletter are a breath of fresh air. I’ve written about his thoughts before because he strips the discussion down to the facts of the matter. His latest demystifies today’s economy by attacking several myths. Here’s the first:
Myth #1: The consensus is that the world economy is in a recession and that U.S. government officials are either cooking the books or simply in a state of denial.
He explains that low consumer confidence is largely unfounded. Gross domestic product (GDP) indicates growth on par with same quarter last year. He suggests watching GDP, business …read more