December 13, 2016. The speculation will end. Almost. While most everybody is expecting an increase in short-term rates by the Federal Reserve Board’s Open Market Committee, there are two questions that remain. First, by how much will the Fed raise rates? If you have asked this question just a month ago, the prevalent answer would […]
Read MoreLast week we had the last big data releases before the Federal Reserve Board’s Open Market Committee meets next week. This data included the first revision of the 3rd Quarter economic growth and personal income and spending. These reports came in on the strong side, with the economic growth revised higher and personal income and […]
Read MoreNovember 29, 2016 The biggest news with regard to the markets since the election has been the spike in long-term interest rates. The stock market has been rising as well, but there seems to have been a greater reaction on the bond market side. First, before anyone pins these trends to the surprise results of […]
Read MoreNovember 22, 2016 Thanksgiving arrives this week. Every year, this is the day we reserve for giving thanks. Certainly, in our country we have much to be thankful for. We are one of the richest countries of the world when you measure by per-capita income, and perhaps the richest when you measure per-capita income against […]
Read MoreNovember 8, 2016 Last week we spoke of “the really big shew” and today is the headline performance — The Presidential Election. First, let’s do a review of the preliminary acts. On Monday of last week, we had a release of the personal income and spending numbers. While they were in line with expectations, the […]
Read MoreNovember 1, 2016 For those of you who are old enough, you might remember Ed Sullivan starting his weekly broadcast with “We have a really big shew tonight.” Well, when he said it, show did sound like “shew.” Ed Sullivan was the venue that featured Elvis Presley, the Beatles and countless other acts for a […]
Read MoreOctober 25, 2016 You can’t read or watch the news and not view a story about some type of addiction in America — whether it is common substances such as caffeine, legal prescription drugs such as pain killers, or illicit drugs such as heroin. But today, we ask a question about addictions and our economy. […]
Read MoreOctober 18, 2016 There is now less than 30 days before the Presidential election. And as we predicted some time ago, the rhetoric has ratcheted up significantly. So much so, that many analysts are indicating that this is the most acrimonious race in history. No one should be surprised at all regarding these conclusions. And […]
Read MoreThe fact that the Federal Reserve Board did not raise interest rates at their last meeting made this week’s release of the job numbers for September very interesting. A weak, or even moderate report would have affirmed the Fed’s position. A very strong report makes the markets think that the Fed should have acted. One must remember that it […]
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