Taxes/Fiscal Policy

China’s Big Gamble(s): Betting on QE Again?

By |2019-07-29T19:05:40-04:00July 29th, 2019|Bonds, Economy, Federal Reserve/Monetary Policy, Markets, Taxes/Fiscal Policy|

As an economic system, even the most committed socialists had come to realize it was a failure. What ultimately brought down the Soviet Union wasn’t missiles, tanks, and advanced air craft, it was a simple thing like bread. You can argue that Western military spending forced the Communist East to keep up, and therefore to expend way too much on [...]

Living In The Present

By |2019-01-10T17:15:44-05:00January 5th, 2019|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Real Estate, Stocks, Taxes/Fiscal Policy|

The secret of health for both mind and body is not to mourn for the past, nor to worry about the future, but to live in the present moment wisely and earnestly. Buddha Review It's that time of year again, time to cast the runes, consult the iChing, shake the Magic Eight Ball and read the tea leaves. What will [...]

Bi-Weekly Economic Review: As Good As It Gets?

By |2019-10-23T15:09:14-04:00June 5th, 2018|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Taxes/Fiscal Policy|

In the last update I wondered if growth expectations - and growth - were breaking out to the upside. 10 year Treasury yields were well over the 3% threshold that seemed so ominous and TIPS yields were nearing 1%, a level not seen since early 2011. It looked like we might finally move to a new higher level of growth. [...]

Bi-Weekly Economic Review: Growth Expectations Break Out?

By |2019-10-23T15:09:14-04:00May 21st, 2018|Alhambra Research, Bonds, Commodities, Currencies, Economy, Markets, Taxes/Fiscal Policy|

There are a lot of reasons why interest rates may have risen recently. The federal government is expected to post a larger deficit this year - and in future years - due to the tax cuts. Further exacerbating those concerns is the ongoing shrinkage of the Fed's balance sheet. Increased supply and potentially decreased demand is not a recipe for [...]

Bi-Weekly Economic Review: The New Normal Continues

By |2019-10-23T15:09:40-04:00March 13th, 2018|Alhambra Research, Bonds, Commodities, Currencies, Economy, Markets, Stocks, Taxes/Fiscal Policy|

There has been a lot of talk about the economic impact of the recent tax reform. All of it, including the analyses that include lots of fancy math, amounts to nothing more than speculation, usually informed by little more than the political bias of the analyst. I am guilty of that too to some degree but I don't let my [...]

Bi-Weekly Economic Review: A Weak Dollar Stirs A Toxic Stew

By |2019-10-23T15:09:43-04:00January 15th, 2018|Alhambra Research, Bonds, Commodities, Currencies, Economy, Markets, Real Estate, Stocks, Taxes/Fiscal Policy|

Economic Reports Employment We received several employment related reports in the first two weeks of the year. The rate of growth in employment has been slowing for some time - slowly - and these reports continue that trend. The JOLTS report showed a drop in job openings, hires and quits. The Fed has been talking about a tight labor market [...]

Bi-Weekly Economic Review: Housing Market Accelerates

By |2019-10-23T15:09:44-04:00January 2nd, 2018|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks, Taxes/Fiscal Policy|

The economy ended 2017 with current growth just slightly above trend. In general the reports of the last two weeks of the year were pretty good with housing a standout performer going into the new year. We are still trying to get past the impact - positive and negative - from the hurricanes a few months ago though so it [...]

The Financial Checkup

By |2018-01-18T10:43:24-05:00December 22nd, 2017|Financial Planning, Taxes/Fiscal Policy|

When was the last time you - or you and your financial adviser - did a top to bottom review of your entire financial situation? For most people, the answer to that question is really easy - never. It is a daunting task to think about all the things that affect your finances. And sometimes the answers are ones you [...]

Bi-Weekly Economic Review: Animal Spirits Haunt The Market

By |2019-10-23T15:09:45-04:00December 19th, 2017|Alhambra Research, Bonds, Commodities, Currencies, Economy, Markets, Stocks, Taxes/Fiscal Policy|

The economic data over the last two weeks continued the better than expected trend. Some of the data was quite good and makes one wonder if maybe, just maybe, we are finally ready to break out of the economic doldrums. Is it possible that all that new normal, secular stagnation stuff was just a lack of animal spirits? Is it [...]