How will the economy respond to falling oil prices? As noted several times the $30 decline in crude has shifted about 1.5% of global GDP from oil producers to oil consumers. Approximately 70% of the US economy is consumer driven thus it can be concluded...
Today is Veterans Day and many markets for the exception of the equity market are closed. First and foremost please thank all who defended our country, especially the families of those who gave the ultimate sacrifice. How can we ever express our gratitude to those...
Unemployment dropped in October to the lowest level in six years as 214,000 non-farm payrolls were added, the ninth consecutive month of 200,000 plus increases, the longest streak since the one ended in March 1995....
Where to now? Tomorrow October’s BLS labor report is released. It is largely expected to remain relatively “robust” as it relates to the current recovery....
Wow! How will the election be interpreted as the President has a record no President ever wishes to have…the greatest number of Congressional seats lost during a Presidency according to Roll Call?...
Today is Election Day. I am certain many will form diametrically diverse conclusions about the outcome. As penned many times to ignore Washington is equivalent to ignoring interest rates and earnings....
Japan shocked the investing world that it is stepping up its asset purchases and is a timely reminder not everyone has to follow the Fed. The BOJ stated it will increase the annual purchase of Japanese bonds from 50 trillion yen to 80 trillion yen...
Was yesterday’s print of third quarter GDP growth of 3.5% validated the Fed’s nominally hawkish tone? I think yes....
In my view the FOMC post meeting statement was largely as expected. Yes there was a nominal knee jerk reaction as some thought the Committee would be more dovish because of recent equity volatility but I ask rhetorically does or should the Fed react to...
The FOMC statement is made at 2:00 P.M. To write the incredibly obvious, all will dissect every word in an attempt to gain insight into the Fed’s thinking, a thinking which in my view is all over the map. As noted several times, the members...