Fed Charts Steady Course on Economic Data
February 4, 2020
Fourth-quarter 2019 GDP was 2.1%, a bit above consensus and right on top of trend growth.
International Markets go from Bad to Worse
January 31, 2020
We know international and emerging markets are risky, but just when you thought it was time to get in these markets get slammed.
U.S. Leading Indicators Negative in December
January 23, 2020
U.S. leading indicators dropped 0.3% in December, marking the fourth decline in five months; with November, which was flat, being the exception.
Is Monetarism Making a Stealth Comeback?
January 22, 2020
Monetarism – the idea that money supply control could be the basis for monetary policy – hit its high-water mark during the first Reagan administration.
The U.S. Economy is Robust, Trade Deals Abound and the Federal Reserve Stimulates?
January 16, 2020
The “Phase I” China deal is in the books and it certainly was good for the United States.
Job Prospects Brighten the Economic Outlook
January 14, 2020
A nice, solid jobs report yet again.
Market Resilience and U.S. Energy Independence
January 9, 2020
The market resilience in the face of the U.S.-Iran geopolitical turmoil is truly astounding.
Mixed Messages from Manufacturing
January 7, 2020
The unusual breach between the Markit and ISM PMI reports continued into December.