Weekly Market Pulse: Central Planning Gone Awry
Most investment firms kick off the new year with "outlook" pieces, offering futile predictions on the S&P 500's year-end close or the frequency of Fed rate hikes. I try to avoid such oracular activity and stick to analyzing the present, which isn't as easy as it first sounds. But I do read many of these tomes - if brevity is [...]
Monthly Macro Monitor: No Change
As we near the end of the first year of President Trump's second presidential term, the debate about his economic policies hasn't changed much. That's because it isn't an economic debate mostly, but a political one and that applies to the public as well as economists (yes, they are as vulnerable to political bias as anyone else). Democrats hate Trump's [...]
Weekly Market Pulse: It Ain’t What You Don’t Know
We are all interested in the future, for that is where you and I are going to spend the rest of our lives. Plan 9 From Outer Space I have no idea what will happen this year. Neither does anyone else. If this is your first time reading one of my commentaries, you should probably know that I say that [...]
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