"It's the economy, stupid!" was a phrase often uttered in the 90s when people asked why Bill Clinton had such a high approval rating. Based on the overall economic sentiment in our country and the underlying economic data, it is not always about the economy.....or at least what the
If you've been involved in economics or finance for even a handful of years, you've probably already seen at least one "new era". If you've been around as long as I have you've seen at least 3 or 4 of them. As humans, it's easy to get sucked into this
All year we've been discussing the extremely optimistic growth outlook driving stock prices higher. Last week more economic data continued the euphoric hope that the Fed is in line to pull off a rare event – control inflation without causing a recession. The release of the first estimate of 4th quarter
Unprecedented actions lead to unprecedented consequences. Back in April 2007, I wrote one of our most popular articles, "The Pending Forest Fire". At the time people thought we were crazy. Everything was booming. Real estate, stocks, the job market. We were in a new era where the Federal Reserve was
Today is a sad day. For me, at least. Today is the first day in 17 days that we will not be giving out medals to the best athletes in the world, who worked mostly quietly on their craft for 5 years for this moment of peak physical showcasing. As
