Archives for May, 2023

  1. May 30, 2023

    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 >>

  2. May 22, 2023

    “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 >>

  3. May 15, 2023

    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 >>

  4. May 8, 2023

    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 >>

  5. May 1, 2023

    Notwithstanding another bank failure (First Republic Bank) the reports of the impending demise of the U.S. economy are still over exaggerated. The possibility of a soft landing or a modest growth recession is still in the mix. Mixed Bag #1 Yes, U.S. GDP growth came it at… More >>