Commentary

The Seeds of Stagflation

Last week, the government reported real GDP in the US grew at a 6.5% annual rate in the second quarter and was up 6.4% at an annual rate in the first half of 2021.

Commentary

Are We There Yet?

It's the question that parents around the world know all too well, "Are we there yet?" That was the key question coming into today's Fed meetings. The answer? Not yet, but we're getting closer.

Commentary

Inflation, Shutdowns, Spending

Someone once said, "technology has never moved this fast, and at the same time, will never move this slow again."

Commentary

Monday Morning Outlook Strong Growth in Q2

Another quarter for consumers to rely on massive stimulus payments, extremely loose monetary policy, and the continued re-opening of the US economy combined to push real GDP up at a very rapid pace in the second quarter, with the federal government preparing to release its initial estimate of economic growth on July 29.

Commentary

4,500...Or Higher

Many are convinced that a US stock market correction, or even a bear market, is inevitable. So, when the S&P 500 was down 1.6% last Thursday, many thought it had arrived.

Commentary

"Twin Deficits" Won't Tank the Dollar

Many analysts have been thinking and writing about the "twin deficits" and whether the record-breaking size of those two deficits, combined, mean the US dollar is about to plummet versus other currencies.

Commentary

Who Will Be the Next Fed Chief

One of the key decisions President Biden will make later this year is who is going to run the Federal Reserve for the next four years.

Commentary

Fed Hawks Hatch

As expected, the Federal Reserve made no significant changes to monetary policy today.

Commentary

Taper Tantrum Two?

To drive home his commitment to easy monetary policy and low interest rates in mid-2020, Federal Reserve Chairman Jerome Powell declared the Fed was not even "thinking about thinking about raising rates."

Commentary

There's Nothing Normal About This Recovery

We keep hearing people make comparisons between this recovery and those of the past as if it's apples-to-apples.

Commentary

Inflation Revisionism

Talk about revisionist history!

Commentary

A Question for the Fed

Inflation is running hot.

Commentary

Unsustainable

The US economy is recovering rapidly from the COVID-19 disaster.

Commentary

Biden and Powell Versus Summers and Dudley

One of the best economic debates that's happening right now isn't between Republicans and Democrats or liberals versus conservatives, it's between policymakers who want to go full steam ahead with as much fiscal and monetary "stimulus" as possible and center-left economists who worry about the economic effects of over-stimulating the economy.

Commentary

Resisting the Budget Blowout

President Biden and Congress agreed to a roughly $2 trillion stimulus back in March and are now contemplating two new additional multi-trillion dollar pieces of legislation, on both infrastructure and social spending, as well as some massive tax hikes