Deficits DO Matter
In 2002, former Vice President Dick Cheney famously said to then-Treasury Secretary Paul O’Neill, “Reagan proved that deficits don’t matter.” At the [...]
Unemployment
Where Are the Wage Gains?
The unemployment rate in the US has dropped from a high of 10.0% in October, 2009, to its current rate of 4.1% for November, 2017. Over that time frame, the economy created a [...]
Special Report – The Big Fed Meeting: Should They or Shouldn’t They?
At its meetings next week, the Federal Reserve will let us know if it has decided to take the first step toward policy normalization by hiking the Fed Funds rate for the [...]
Yellen’s Testimony Today, and the Second Mandate
“… the economy has made further progress toward the Federal Reserve’s objective of maximum employment, while inflation has continued to run below the level [...]
Waiting for Animal Spirits
From time to time I am asked to present my thoughts on the economy to various groups. I usually put a lengthy slide show together, which puts me in a race against time to [...]
The Fed Says
I had the honor of sharing the podium with two distinguished economists yesterday at the 10th Annual Lyons Companies Economic Forecast. Jay Bryson, PhD. is Global Economist [...]
Video Market Commentary: February 4, 2015
On Wednesday, February 4, 2015, Michael sat down to talk about the 2015 Economic Forecast presentation he recently was a part of with Federal Reserve President James Bullard. [...]
Video Market Commentary: January 9, 2015
On Friday, January 9, 2015, Michael sat down to discuss several parts of the volatile stock market we are experiencing. He touched on how we ended 2014 strong and are off to [...]
Declare War!
When a country’s citizenry and national well-being are threatened, war can be declared, and all necessary defense measures become appropriate. Heads of State are afforded [...]
Just Super!
It’s easier to celebrate Thanksgiving in Washington, DC – not only are we surrounded by the symbols of liberty and democracy, but the politicians all leave for home. [...]
