Thoughts From the Frontline, August 2020

Light in the COVID Tunnel

August 28, 2020

If you ever think you just can’t win, I know how you feel. I’m labeled both a doomsayer and a Pollyanna—sometimes in reaction to the same letter.

Business on the Frontline

August 21, 2020

I write this introduction from an all-too-short vacation in Montana (more below). This week I have asked my longtime associate Patrick Watson to step in and write Thoughts from the Frontline, offering his perspective as a small business owner.

The Second Great Depression… But Not Really

August 14, 2020

"It's a recession when your neighbor loses his job;
it's a depression when you lose yours."

—Harry S. Truman, 33rd US President

Yellow Flag Jobs Data

August 7, 2020

As I file this letter Friday morning, people are reacting to the July jobs report. My own reaction: The headline report is absurd. I will explain further at the end of this letter. But first, I have another topic.