Fed chair Powell’s folly continues. It’s quite the body of work. First problem was doing nothing in 1Q22 as inflation was... read more →
Pardon the reference to the great Earth, Wind and Fire lyrics but yesterday’s performance by Fed chair Powell was uber... read more →
As markets brace for the Fed’s rate decision tomorrow 2pm EST (+75bps overwhelming consensus…it’s already priced in and known), economic... read more →
The economic data released over the last couple of months has painted a picture of an economy that is holding... read more →
Tuesday’s market meltdown of -4% off a bad CPI print warrants both comment and context. Here goes. Since 1950, the market... read more →
Economic demand destruction well underway The excessive monetary and fiscal stimulus of 2021 led to a demand spike that resulted... read more →
A few quick takeaways from this morning’s payroll report: Non-farm payroll for August 2022 grew by +315,000, right in line... read more →
It’s a fabulous Tuesday morning. Schools in Maryland have opened, and the weather is starting to moderate. Now, we need... read more →
Over the past 8 months, financial conditions have tightened a lot. Interest rates higher, mortgage rates higher, and a stronger... read more →
The Fed convenes later this week at Jackson Hole for their annual meeting/retreat/gathering/etc. Agenda looks like Wednesday night dinner, Thursday... read more →