Subject:
labor unions A trade union (or labor union, labour union) is an organization of workers who have banded together to achieve common goals in key areas, such as working conditions. The trade union, through its leadership, bargains with the employer on behalf of union members (rank and file members) and negotiates labor contracts (Collective bargaining) with employers. This may include the negotiation of wages, work rules, complaint procedures, rules governing hiring, firing and promotion of workers, benefits, workplace safety and policies. The agreements negotiated by the union leaders are binding on the rank and file members and the employer and in some cases on other non-member workers. (Wikipedia Jan 2010)
Arguments for inflation
By John Schroy, on March 13th, 2009 | 
This article is in response to a reader’s comment as to the future of US housing prices. Specifically, whether residential prices will rise 30% by August 2015. I argue that this is essentially a question as to whether the Obama administration will lead to continued deflation or a return of inflation.
I present a series of arguments for predicting inflation and consequently the revival of residential real estate prices by 2015. Basically it comes down to the declining political fortunes of Barack Obama intersecting with the excessive spending habits of the Pelosi-Reid Congress.
US Bond Market
By John Schroy, on November 19th, 2006 | 
The Democratic Party and its supporters have indicated a willingness to enact legislation that will reduce demand for bonds, while increasing supply: a recipe for lower bond prices and higher yields. Questionable economic policies are expected to include support for Fannie Mae, protectionist trade measures, and large pensions for unionized civil servants.
Municipal bonds
By John Schroy, on November 15th, 2006 | 
Municipal pension fund problems are primarily the fruit of unionization of public employees. Over the last generation, trade unions have turned from their traditional base of industrial workers (eroded by factory closings due to excessive labor demands) and have fixed on the juicy target of tax-supported government workers. This could result in higher interest on municipal bonds of cities with powerful government service unions, along with increased taxes, and downward pressure on real estate values in certain cities.
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