Investment Commentary

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…

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…

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…

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…

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…

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,…

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…

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…

What parent has not heard that oft repeated question from the back seat of a car: “are we there yet”?  Usually, the repetition of the question picks up nearer the…

“YOU’RE ALWAYS ON MY MIND…….YOU’RE ALWAYS ON MY MIND……” Willie Nelson, Singer/Song writer Inflation is on everyone’s mind, all the time.  There is no economic indicator which carries as much…