All Commentary Video Article Podcast Whitepaper

Insights

Economic Outlook 2025: Three Yards and a Cloud of Dust 

November 6, 2024
Since 1950, the average annual growth rate of U.S. gross domestic product (GDP) has been 3.2%. 1 But as...
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Trick or Treats as We Move Into Late Fall? Perhaps a Bit of Both.  

November 6, 2024
“I used to think that if there was reincarnation, I wanted to come back as the president or the...
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A Look Down the Passageway: New Room Coming Into Focus

September 3, 2024
All who have followed my writings over the last two years recognize the “Passageway” theme. It is a thematic,...
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The Economy Looks “Just Right” Despite Mixed Signals

August 1, 2024
Read time: 8 minutes “Our Earth is degenerate in these later days; bribery and corruption are common; children...
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As Inflation Weakens, Rate Cuts Are in the Offing

July 8, 2024
Read time: 7 minutes As a practicing economic/capital market commentator, I believe it is good to understand viewpoints...
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Breaking News: It’s OK! Our “Back to Normal” Theme Is Alive and Well.

July 8, 2024
Read time: 12 minutes “It’s déjà vu all over again.” — Yogi Berra The first six...
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A Merry May on the Heels of an Awful April. The Merits of Staying Measured.

June 7, 2024
Read time: 11 minutes “It’s the economy, stupid!” —Slogan coined by James Carville, well-known campaign strategist, and...
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Midyear Update: Worker Productivity and Labor Force Expansion

June 3, 2024
Read time: 7 minutes With this month’s commentary, I return to the economy. Growth is continuing, but the...
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Private Credit Markets – A Growing Force

May 6, 2024
Read time: 9 minutes In the 1980s Michael Milken and Drexel Burnham effectively created a new debt market:...
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An April Air Pocket – No Fun, But Normal and Perhaps Even Healthy

May 6, 2024
Read time: 11 minutes “ Some things are believed because they are demonstrably true. But many other things...
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From Santa to the Easter Bunny: Rally Momentum or Melt-Up Zone Ahead?

April 4, 2024
Read time: 14 minutes “Sell in May and Go Away.” — An old investment adage with roots...
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The Big Picture Final Chapter: Worker Productivity

April 4, 2024
Read time: 9 minutes Over the last year, I have written about my longer-term vision of economic and...
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