Often when US Presidents can score a single major legislative accomplishment during their tenure it’s enough for the history books. Reagan had the massive Supply Side tax cuts, Clinton passed the North American Free Trade Agreement (NAFTA) and Obama’s landslide election mandate gave us Obamacare. Trump made history with his…
In a moment of unprofound insight lacking sound and fury meaning absolutely nothing to investor expectations, Fed Chief Powell this past week made the most anodyne comments possible that the economy was likely to continue growing. It’s also likely that the Fed has never forecast anything but continued economic growth as…
Should US consumers feel consumed by the growing avalanche of negative news? There is an unending tariff war between the worlds two biggest economies, risk of a Hard Brexit impairing the UK, a US manufacturing recession and high odds of a Presidential impeachment. Reflecting this anxiety and uncertainty manifests in optimism among corporate executives…
The 106 year old Federal Reserve Bank of the US controls monetary policy to influence economic conditions, primarily by moving short term bank borrowing rates and bank reserves. Surveys predict 100% confidence in a Federal Reserve Rate cut on September 18th and high odds of another cut before year end….
The Inverted Yield Curve with short term rates above long rates has been one of the most anticipated over hyped harbingers of doom and gloom in history. For over a year Bearish forecasters sounded the alarm bells of a coming contraction as the Yield inversion approached, even though histrionically this is one of the best…
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