Based on the January jobs report, our economy is heating up. In theory this is a good thing, but based on the fact the driver to the strong start to the year was the idea we were in a "Goldilocks" economy that is not a good thing. "Goldilocks" in economic
Wall Street likes to throw around a lot of terms as they attempt to form a narrative for their clients. Often times the narrative begins to shape the analysis done by those firms. For instance, I mentioned last week the forecasts for the top Wall Street firms. JPMorgan & BMO
"It is likely that restoring price stability will require holding policy at a restrictive level for some time. History cautions strongly against prematurely loosening policy. We will stay the course until the job is done." - Federal Reserve Chairman Jerome Powell, November 30, 2022
The above statement is the only
Why do we even bother listening to the Federal Reserve? Even if we ignore all of their failings in the late 1990s and again before, during, and after the financial crisis, let's look at how terrible the Fed has been at predicting the post-COVID economy.
Throughout 2021, the Fed told
While the weather in most of the country doesn't feel like it, fall is just around the corner. Other than the northeastern part of the country, most of the country has been back in school for at least two weeks, yet Labor Day still seems to mark the "end of
