The Gift That Stopped Giving
The Treasury Departed reported yesterday that the federal budget deficit increased to $319 billion for the first quarter of fiscal 2019 (October through December). The [...]
GDP Growth
Conflicting Policy Goals
As we reflect back on another year, we believe that 2018 will go down in history as the beginning of a long, tumultuous struggle between the US and the emerging power that is [...]
Rates Are Rising . . . What Now?
Long-term interest rates are on the rise again, and this time the stars could be aligned for a sustainable move upward. Consider the following: GDP growth came in at +4.2% [...]
The GDP Math Doesn’t Work
President Trump has made much of his administration’s success in jump-starting economic growth. He has even gone so far as to suggest that his economic policies could [...]
Show Me the Growth!
Last week’s news that the economy grew at a 3% pace for the second straight quarter has led to a lot of optimism about the economy finally breaking out to the upside. [...]
Is There a Danger in the GDP Report?
While a tad below expectations, this week’s news that the economy grew at a 2.6% rate in the second quarter was somewhat of a relief. After all, the economy grew [...]
Time to Remove the Training Wheels?
The Federal Reserve’s statement yesterday added little clarity as to the timing for removal of its unprecedented monetary stimulus. While some of the wording did change, [...]
