Forget a gradual decoupling from China. In October, the Biden administration announced new export controls and rules that effectively decapitate China’s semiconductor industry. The ramifications go beyond semiconductors to everything touched by them, including potentially ending nearly all of China’s high-tech aspirations. U.S. companies are now banned from exporting advanced chips to China without special exemptions. But the rules go [...]
This is the time of year when lots of folks have visions of warming their feet by the fire while the cold wind whistles outside. But with the highest mortgage rates in more than four decades, many people are getting cold feet about a cozy place of their own. The 30-year mortgage rate broke through 7% in October and that [...]
Alhambra CEO Joe Calhoun explains why he's a rational optimist about current market conditions and the economy, what he expects from the solid inversion of the 10/3 yield curve, and what he expects from this week's Fed meeting.
I have often been accused over the years of being too optimistic and I will plead guilty to having a little rose-colored tint in my glasses. I am an optimist by nature and I search constantly for good things to write about. There are more than enough people out there willing to tell you the world is coming to an [...]
There's talk that the next Fed rate hike will push the economy into recession. Alhambra CEO Joe Calhoun points out signs to look for before the beginning of a recession.
Is Jerome Powell the worst Federal Reserve Chairman of all time? Alhambra CEO Joe Calhoun lays out the case.
Inflation is posing substantial additional risk to growth stocks, lowering demand and pushing money into other markets. Doug Terry, Alhambra's Head of Investment Research dissects cause and effect.
The Cleanest Dirty Shirt It’s easy to overestimate the problems the United States faces while underestimating its strengths. The challenges are certainly significant. Politics have seldom been so divisive. The government is running an annual deficit of over a trillion dollars, with a total debt many times that. Inflation has spiked. The Fed has been hiking interest rates at a [...]
Is the Fed doing more harm than good? Alhambra CEO Joe Calhoun says the Fed just needs to shut up.
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