CLEAN UP YOUR BOOKS

CLEAN UP YOUR BOOKS

CLEAN UP YOUR BOOKS Thomas C Schleifer, Ph.D. While operating the nation’s largest workout firm for sureties, I had occasion to audit the financial statements of hundreds of construction companies that had failed mid-project. While the causes of those failures varied...
Defense Mechanisms

Defense Mechanisms

Defense Mechanisms Thomas C Schleifer, Ph.D. Last week we renamed the impending “recession” being brought on by the Fed’s interest rate battle against inflation – “bottom-line recession” – for the construction industry. Bottom-line...
Recession – Yes or No?

Recession – Yes or No?

Recession – Yes or No? Thomas C Schleifer, Ph.D. As the Fed uses interest rates to joust with inflation, everyone wants to know if we’re headed into a recession. The dreaded R word is on everybody’s mind. Do I think we’re in for an immediate recession? How severe will...
Disruption

Disruption

Disruption Thomas C Schleifer, Ph.D. For the past eight weeks we have been focusing on managing under disorderly market conditions. The feedback I have been getting from industry leaders is that they believe this current disorderly market is a temporary phenomenon...