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Battle of the Budget

Commentary: Week of May 15, 2023 It’s hard to open up a newspaper these days and not see a scary story about the debt ceiling debate.  The Biden Administration is saying that a “default” is approaching if an agreement isn’t reached soon. The US has enough revenue to...

January Surge Kept Q1 Positive

Commentary: Week of April 17, 2023 The US economy is being tugged in two different directions right now.  On the positive side we have the lingering effects of the massive stimulus of 2020-21, the renormalization of the service sector after COVID Lockdowns, and, as...

How to Lose Reserve Currency Status

Commentary: Week of April 10, 2023 History is full of economic and societal collapses.  The Incan and Roman societies disappeared, the Ottoman Empire fell apart, the United Kingdom saw the pound lose its reserve currency status.  So, anyone who says the US, and the...

Still Bearish

Commentary: Week of April 04, 2023 If you were bullish for 2023…congratulations!  The S&P 500 rose 7.0% in the first quarter and, although we still have more data to analyze before we finalize our prediction, it looks like real GDP grew at about a 2.0% annual rate...