Real Rates in the Long Run
Real Rates in the Long Run
The only real drawback to my job is the number of flights I have to take - but this is a serious drawback when evening f... Read more
14 Aug 2023
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13mins
Bull Market Investing
Bull Market Investing
To be good long term investor, you need courage and you need brains. However, you need them in different quantities at ... Read more
9 Aug 2023
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9mins
The Soft Landing Scenario
The Soft Landing Scenario
As the calendar flips to August this week, consumers, workers, investors and the Federal Reserve all have reason to be p... Read more
31 Jul 2023
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9mins
The Inflation Perfectionists
The Inflation Perfectionists
The pandemic was my excuse to abandon piano lessons. It wasn’t that I wouldn’t practice or didn’t enjoy pounding away o... Read more
24 Jul 2023
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10mins
The Sin of Wages: A Last, Bad Excuse for Monetary Tightening
The Sin of Wages: A Last, Bad Excuse for Monetary Tightening
Over the centuries, an abiding tension among many major religions has been the pendulum of severity. One era will be mar... Read more
10 Jul 2023
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9mins
The Investment Implications of Consumer Gloom
The Investment Implications of Consumer Gloom
When I first arrived in this country, 40 years ago this summer, my strongest impression was that America was a land of o... Read more
5 Jul 2023
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9mins
Waiting for a Negative
Waiting for a Negative
I have a sad tale to relate. After dodging Covid for the last three years, my wife Sari and I were at a wedding two wee... Read more
27 Jun 2023
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9mins
The Recession Questions: Yes, No, When and How Bad?
The Recession Questions: Yes, No, When and How Bad?
One of the advantages of being back in the office, when I am actually in the office, is I get to hear a variety of opini... Read more
20 Jun 2023
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13mins
Cooler Inflation and Slower Growth should Convert a Fed Skip into a Fed Pause
Cooler Inflation and Slower Growth should Convert a Fed Skip into a Fed Pause
Markets in the week ahead will be focused on Wednesday’s FOMC meeting. We expect the Fed to leave the federal funds rate... Read more
12 Jun 2023
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8mins
The Steady Normalization of the U.S. Labor Market
The Steady Normalization of the U.S. Labor Market
In 1787, on the last day of the Constitutional Convention, a lady asked Benjamin Franklin what form of government had be... Read more
30 May 2023
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12mins