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 […]
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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 […]
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Can Inflation Pop an Over-Inflated Stock Market? | October 2, 2021

Can Inflation Pop an Over-Inflated Stock Market? “By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.” – John Maynard Keynes Over the last 20 years, an era known for low inflation, the CPI Index has nonetheless managed to increase about 53%. That is, […]
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Economic Growth Weakens While Inflation Rises | September 18, 2021

Economic Growth Weakens While Inflation Rises Why may we see economic growth continue to weaken in the coming months? Delta Variant upsurge causes consumers to pair back spending Unemployment benefits ending Hurricane Ida effects Looming government shutdown Why may inflation continue to rise? Material shortages Labor shortages Supply chain delays In our view, we believe […]
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When is it Too Much? | September 4, 2021

When is it Too Much? First the pandemic bred fear, and then it bred money. Clearly there was a great financial need among many millions of Americans as the pandemic closed down the economy in the Spring of 2020. Congress came out swinging with several bills, spending trillions of dollars in an attempt to offset […]
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