Phillips & Company Home

It would appear the cataclysmic “debt ceiling” debate could be in our rear-view mirror. However, never underestimate the ability of Congress to snatch defeat from the jaws of victory. I’m not suggesting higher debt and borrowing are good for our economy, but not paying our… More >>

“Knowing how to see" The negativity in the United States is palpable. I make a point of traveling often for the purpose of seeing what’s going on in our economy. Since most of our economy is driven by consumption it’s not too difficult to get a bird’s-eye view of what’s… More >>

Inflation is finally abating according to last week’s Consumer Price Inflation report. Headline inflation came down to 4.9%, the 10th consecutive monthly decline. Is it too soon to use the word transitory again? 1 On a percentage change basis, it’s one of the more rapid… More >>

After one of the most rapid and extreme increases in interest rates in history, I believe the Fed is about to signal a pivot to a pause. I’ll lay out the case and conclude with the Fed’s comments. 1 In light of the strength in the recent jobs report, one might wonder if… More >>