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Patience
Patience
World economic markets are now DISORDERLY.
In Econ 101 we learn that constraints on supply without attendant constraints on demand lead to inflation. In addition, we learn that in modern complex economies, government monetary policy (the printing of money) can disrupt the balance of this fundamental economic equation … Read the rest “Patience”
Recession Potential
Recession Potential
Dr Thomas C Schleifer
Everyone agrees that the COVID-19 world-wide economic shutdown, interrupted supply chains, Russia’s barbaric invasion of the Ukraine, fuel shortages, and persistent rampant inflation all add up to, at the very least, economic uncertainty. However, no one wants to use the “R” word. The word … Read the rest “Recession Potential”
Economic Schizophrenia
Economic Schizophrenia
Dr Thomas C Schleifer
Surging inflation, global energy supply shortages, Russia’s invasion of the Ukraine, and Chinese pandemic-related disruptions to economic activity have brewed the perfect storm of economic instability. The excessive pandemic fiscal stimulus and ensuing inflation surge have added to the imbalance of supply and demand … Read the rest “Economic Schizophrenia ”
No Guesses – No Surprises, Number Two
No Guesses – No Surprises, Number Two
Dr Thomas C Schleifer
Last week we looked at how a construction CFO crafts a cash flow plan, project by project. A cash flow plan is also an essential part of a construction company’s mid-term (six months to a year) plan. However, to … Read the rest “No Guesses – No Surprises, Number Two”
No Guesses – No Surprises
No Guesses - No Surprises Cash flow mismanagement is a primary cause of construction business failure. Many contractors started their business undercapitalized and had to apply the art of cash flow management by “kiting” checks, overdrawing working capital lines of...
The Science of Cash Flow Management
The Science of Cash Flow Management
All competent builders should succeed. There is no reason for the contractor failure rate to be the second-highest among all American businesses right behind restaurants. However, because of the complex nature of cash flow in the construction business, without careful management, contractors often suddenly … Read the rest “The Science of Cash Flow Management”
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