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
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
Talk about conflicting data points. Two weeks ago the data told us we just had our second consecutive decline in economic output (which used to be how we defined a recession). Last week, we learned the labor market fully recovered all of the jobs lost during the short pandemic recession.
I have a mixed reaction to doing something new. I am a mixed personality in general, in that I do like to do some exploring (both physical and metaphorical) but I’m also reserved and comfortable with where I’m at. This week will both be new for me and