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Reducing Stock Market Forecasts!

Commentary: Week of May 09, 2022 At the end of 2021, we set out our projections for the stock market in 2022: 5,250 for the S&P 500 and 40,000 for the Dow Jones Industrial Average. Those projections were based on our expectations for both profit growth in 2022 and...

Taming Inflation

Commentary: Week of May 02, 2022 Ultimately, inflation is always and everywhere a monetary phenomenon, as the late great economist Milton Friedman used to say. And so the key to reducing the inflation we’re experiencing today – the highest inflation in forty years –...

Focus on the MONEY, NOT RATES

Commentary: Week of April 25, 2022 No one can say that the Federal Reserve can’t do the impossible. At long last observers from across the political spectrum agree on one thing – that Jerome Powell and the Fed are well behind the inflation curve and have a lot of...

Slower Growth in 2022Q1

Commentary: Week of April 18, 2022 Real GDP (Gross Domestic Product), in the US, grew 5.5% in 2021, the fastest growth for any calendar year since the Reagan Boom in the mid-1980s. In spite of this, for the two years ending Q4-2021, real GDP grew just 1.6% annually,...

Housing: Heartburn, NOT a Heart Attack

Commentary: Week of April 11, 2022 When interest rates go up, many analysts start to worry about recessions. That’s not wrong to do, after all Federal Reserve rate cycles are important. Lately, the market has settled on expectations for a total of about 2.25% or more...