Coasting Down the Mountain | October 8, 2022

Coasting Down the Mountain While you probably don’t read the financial news every day, if you did, I suspect that by this point you would be surmising that the Fed is a bunch of bumbling idiots. I’m here to tell you that they are not. They are incredibly bright individuals that probably have too much […]
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Where Are We Going? | June 25, 2022

Where Are We Going? We suffered the great exasperation of hearing parts of Fed Chair Powell’s Humphrey-Hawkins testimony in front of the Senate on Wednesday. Fortunately, we managed to miss some of it, but rather than a session to better understand our current economic problems, it became a series of political advertisements, each charging the […]
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Canary in the Coal Mine? | April 9, 2022

Canary in the Coal Mine? Stories about trucker shortages remain common. Truckers move almost about 73% of all freight in the U.S. Anecdotal evidence suggests that demand for trucking services is rapidly waning. Are trucking companies the canary in the U.S. economic coal mine? Like most people that follow financial markets, we follow economic data […]
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An Alternative View of the World | December 11, 2021

An Alternative View of the World The consensus view on Wall Street is that the Fed is dovish and economic growth is robust and both will remain so. That view is supportive of additional stock market gains in 2022. We’ve been around long enough to know that the consensus never sees the market top coming. […]
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Only One Vote Counts in this Election | November 13, 2021

Only One Vote Counts in this Election Over the next few months President Biden may have the opportunity to nominate a majority of the Federal Reserve Board of Governors with the potential to fundamentally alter monetary policy and bank regulation. Like the Supreme Court, the Fed Board is comprised of seven of the most powerful, […]
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