In a world where economic certainties are increasingly rare, the Federal Reserve’s latest rate cut announcement and the so-called “agreement” between the U.S. and China offer only temporary relief from deeper, long-term challenges. The markets may cheer short-term wins, but beneath the surface, unprecedented monetary
I'm traveling this week and over the next several weeks will be speaking at some conferences to give our assessment of the economy, markets, and our "outlook" for the year ahead. Long-time readers know that we do not make forecasts (since we follow the data and the data
There’s an old saying in finance—and pest control—that if you spot one cockroach, there are probably dozens more hiding in the walls. Over the past few weeks, a few unsettling examples have crawled into the open: some below the surface companies unraveling under the weight of opaque
"Boom, Bubble, or Both" was the lead article in our quarterly newsletter. With the market staging the strongest rally following a 15% sell-off since 2001 (prior to that it was 1998) and remaining on pace for another 15%+ year, we've been seeing more and more people wanting to
If you’ve been trying to follow the government shutdown news and found yourself more confused than informed, you’re not alone. This isn’t just about missed paychecks or closed parks, or one side wanting to give "illegals" health insurance. It’s about how Congress funds the government (or
