Reading Between the Lines
“I would never buy a negative rate bond, not unless I was forced,” -Jamie Dimon, CEO of JP Morgan Chase There were some puzzling headlines over the past couple of [...]
GDP Growth
The Missing Ingredient
Recent data suggest the labor market remains quite strong. The unemployment rate is the lowest it’s been in decades, people are being drawn back into the labor force, [...]
Lay of the Land
For this week’s Market Commentary, I am sending out an excerpt from the 3rd quarter edition of The Farr View. The domestic economy continues to chug along, albeit at a [...]
Why Not Interest Rates to Zero?
Once again this morning President Trump berated the Federal Reserve via Twitter. This time he is calling for the Fed to immediately cut interest rates to zero in order to 1) [...]
Onward and Upward!
Stocks continue to grind higher with the major market indices finally eclipsing previous records set back in September, 2018. There could be several factors contributing to [...]
Who’s Watching the Piggy Bank?
Each month we receive a budget statement from the US Treasury Department. These reports let us know how much our government is spending relative to the money it takes in. [...]
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 [...]
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 [...]
