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Looking Into Our Snow Globe…
As we end 2023 and look forward to 2024, it appears to us that someone – or maybe a whole lot of “someones” – vigorously shook our snow globe. Snow…
UNENCUMBERED…
We have all heard frustrating stories regarding the exorbitant price of residential real estate in the U.S. and people who have been precluded from buying so far. The causes are…
Derisking…
Since the pandemic, business all over the world has moved supply lines heavily concentrated in China to other locales to enhance resilience. These shifts have been studied by the Boston…
Summer’s End Musings…
I CAN’T GET A JOB……… Despite record low unemployment rates, there are many 2023 graduates still seeking jobs. Companies like Amazon, Meta, Alphabet, Goldman Sachs, Morgan Stanley – once much…
A Summer Surprise…
It was not the Fed which surprised markets on August 1 – it was Fitch, a well-respected bond rating service which downgraded the quality of U.S. government securities from AAA…
Tough Guy…
Soon after the most recent Federal Open Market Committee meeting – where the Fed’s Governors determine the level of interest rates (i.e., the Federal funds rate) – when the Fed…
Dividend Cut…
In 1992 George H.W. Bush proclaimed, “We can reap a genuine peace dividend this year and then year after year, in the form of permanently reduced defense budgets”. As can…
Following Up On A Point…
In our quarterly Commentary issued late last month, we wrote briefly on labor cost inflation due to the “graying” of our population and recent pandemic sickness. As to the former,…
Observations During Q1…
OUR LABOR PUZZLE……. It has continued to be the case that labor shortages in too many businesses have been a major headache. “Tight” labor markets have led to higher payrolls…
Into The New Year …
As we start 2023, let’s take a look at a chart put out by the Chicago Fed, the Financial Conditions Index, which measures the current economic conditions in the US…