Archives for August, 2023

  1. August 28, 2023

    Jerome Powell, the Chair of the Federal Reserve, gave a policy speech from Jackson Hole, Wyoming on Friday. It’s traditionally a wonky time for economists and those that follow the Fed. Without dissecting all his pros and cons as it relates to inflation and the future of… More >>

  2. August 21, 2023

    China is in an economic air pocket with the associated turbulence. The property market, which makes up over 60% of the wealth of the Chinese consumer, is in a deflationary spiral. Property prices in key markets have been dropping. 1 Wages have flattened, with income… More >>

  3. August 14, 2023

    One of my customs is to read at least twenty and perhaps closer to thirty earnings reports a quarter. The management commentary is a literal treasure trove of great macroeconomic data as CEO’s and CFO’s often comment on their business and what’s helped and what’s hurt.… More >>

  4. August 7, 2023

    The Wall Street consensus call for a recession appears to have faded. Various investment banks have been changing their calls as of late: Goldman Sachs: “The probability of a U.S. recession in the coming year has declined, as recent economic data signal that bringing… More >>