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David Celley

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WAS THE UNITED STATES ENGAGED IN WORLD WAR II BEFORE THE ATTACK ON PEARL HARBOR?

2 Comments / History, World Events /

On December 7, 1941, U.S. naval and military bases at Pearl Harbor in Oahu, Hawaii were attacked by Japanese Naval and Air Forces.  The next day, Congress declared war, sending the U.S. headlong into World War II.  But was the United States virtually at war before the attack? Neutrality Zone:  Although hostilities were taking place

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WHAT’S BEHIND THE SUPPLY CHAIN BACKLOG?

2 Comments / Economics, Investing, Stock Markets, World Events /

The supply chains in the U.S. are clogged with merchandise enroute from foreign manufacturers to domestic distributors and retailers.  The consequences of this include record-breaking shipping rates, long queues of vessels that must wait over a week to reach a berth in U.S. ports, and logjams at railroad yards.  Most of these issues pertain to

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CAN CITY CENTERS RECAPTURE ECONOMIC ACTIVITY?

Leave a Comment / Economics, World Events /

As the Covid-19 pandemic slowly retreats, will the economies the major cities of developed nations in particular return to their pre-pandemic ways?  Will the wave of telecommuting continue and even increase in scope?  The answers will take substantial time to be realized, but there are signs of change that could become permanent. Exodus From Urban

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THE UNSUNG HERO OF THE AMERICAN REVOLUTION

1 Comment / Economics, History, World Events /

When the words “American Revolution” come to mind, so do the names of the major heroes of the time—George Washington, Thomas Jefferson, John Adams, Thomas Paine, and so on. But there are many other participants who played very significant roles in the revolution who history has nearly forgotten.  One such revolutionary was Robert Morris Jr.,

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THE FUTURE OF THE DOWNTOWN OFFICE BUILDING

Leave a Comment / Economics, Investing, Real Estate, World Events /

There was a time when millions of office workers throughout the U.S. would commute each workday morning from home to an office building for work.  Along came the Covid pandemic which changed everything.  To maintain social distancing offices were closed, and office workers worked remotely from workstations at home.  As the pandemic winds down, will

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ARE ECONOMIC SANCTIONS USEFUL?

2 Comments / Economics, World Events /

Sanctions have become the central tool of foreign policy for many governments.  The goal of sanctions is to promote changes in a foreign government’s economic behavior when diplomacy has not worked, and military action is unwarranted.  Sanctions can range from trade embargoes to specific actions against individuals, companies, countries, or entire economic sectors.  In the

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THE PANDEMIC’S CASH SURPLUS EFFECT

Leave a Comment / Economics, Investing, World Events /

In spite of the pandemic and recession, US consumers will have an impressive stockpile of cash ready to use.  What’s surprising is that household savings generally do not increase during a recession.  Net household incomes often fall as pay and/or benefits decline and breadwinners are subject to losing their jobs.  Savings are then consumed and

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