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Adam Smith’s Oft-Missed Lesson on Human Imagination

CFO News Room

One of my favorite teaching lessons in economics is the division of labor. It’s one of those ideas that reminds me of my late father’s dual roles, that of both professor of economics and part-time professional magician. The quote describes a group of humans acting as if they are specialized machines. .

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3rd Quarter Economic And Market Outlook: Understanding Risks And Opportunities In The Web Of Inflation, Interest Rates, Valuations, And More

Nerd's Eye View

People often talk about "the economy" as a single entity whose parts move in unison, with a small number of key indicators (such as GDP, the unemployment rate, and inflation) moving reliably in relation to each other. manufacturing sector, by the measures of employment and service prices, has been in a recession for nearly 12 months.

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4th Quarter 2023 Economic And Market Outlook: Labor Market, Inflation, And Geopolitics

Nerd's Eye View

The sentiment is especially poignant when it comes to economic forecasting, as it's nearly impossible to get an accurate picture of the current state of the economy at any given moment. While the manufacturing sector (which makes up 'only' 8% of the U.S.

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Manufacturers Loosen Budgets To Make Tech Upgrades

PYMNTS

The COVID-19 pandemic may have brought manufacturing to a halt, but that hasn’t stopped these same companies from investing in software upgrades and technology initiatives to stay competitive. manufacturers dropped in May to its lowest level since May 2009. The Wall Street Journal reported companies such as Xylem Inc.,

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Gov’t: US Manufacturing Spend Dips As US Consumer Spending Rises

PYMNTS

The issue may affect first-quarter economic growth in the U.S., economists theorized, and the economic effects of the coronavirus will hit hard, too. According to data and surveys by the government, there existed a schism between slightly depressed manufacturing numbers and consumer spending, which was up in January.

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‘Proposal to replace old SEZ law both timely and important’

CFO News Room

The FM has backed the buoyancy in the export sector through a number of important proposals. The first is the proposal to replace the Special Economic Zones (SEZ) Act enacted in 2005 with a piece of new legislation, which will enable the states to become partners in ‘Development of Enterprise and Service Hubs’. would be applied.

Budgeting 130
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Payroll Gains Beat Expectations, but the Pace Is Slowing

CFO News Room

Within the 37,000 addition in goods-producing industries, construction added 20,000, durable-goods manufacturing rose by 11,000, nondurable-goods manufacturing expanded by 3,000, and mining and logging industries added 3,000 (see second chart). The total number of officially unemployed was 6.011 million in November, a drop of 48,000.

Economics 130