Midwest American Economy on Life Support

KALAMAZOO, MI:  You have to be blind to believe the US economy is rebounding sharply from the corona virus lockdown. There is no “V” shaped recovery. At best it’s a U, with business activity mucking along the horizonal bottom of the “U.”  During seven late July days traveling in the Midwest, I visited places where commerce was just barely ticking over. City centers in Cleveland, Detroit, … Continue reading Midwest American Economy on Life Support

A Father Scarred by the Great Depression

It’s nearly impossible for us living in the 21st century to imagine what life was like in the early years of the Great Depression after the 1929 stock market crash. The sudden arrival of what turned out to be a decade of hard times was a particular shock because the 20’s had been so good. Grand Rapids, Michigan had been booming because its several dozen … Continue reading A Father Scarred by the Great Depression