Build, Back, Better – On the Brink | November 20, 2021

Build, Back, Better – On the Brink As if we needed more evidence that Congressional mathematics is generally faulty, the CBO analysis of the Build Back Batter plan has a $376 billion gap between costs and revenue. To be fair, the official analysis excludes revenue from increased IRS enforcement. CBO estimated that increased enforcement could […]
READ POST

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, […]
READ POST

The Taper is Finally Here and Markets Did Not Panic | November 6, 2021

The Taper is Finally Here and Markets Did Not Panic. Tapering simply means that the Fed will reduce, and eventually eliminate, the extraordinary accommodation supplied to financial markets since the beginning of the pandemic. That accommodation was in the form of open market purchases of both Treasury bonds and mortgage backed bonds (known as QE […]
READ POST

Crazy Headlines of the Week | October 23, 2021

Crazy Headlines of the Week This week seemed to bring headline after headline that simply caused us to mutter “this is crazy”. ‘Shortage’ appears to be the key word in those stories, whether it is shortage of goods or commodities or the shortage of common sense in Congress. And who knows what’s going on in […]
READ POST

Houston, Do We Have a Problem? | October 16, 2021

Houston, Do We Have a Problem? On Apollo 13, the problem was quickly recognized. In today’s economy, there are still plenty of questions. We hate to be part of the gloom crew, but when you step back and look at the world through a wide-angle lens, it’s is increasingly hard to be optimistic. The world […]
READ POST