How High is High?

April 8, 2022 With a little help from Fed officials the markets finally woke up to the fact that the Fed is far behind the curve and will need to act far more aggressively than Powell described in mid-March.  Based on speeches given last week the Fed seems intent on...

Slowdown?  What Slowdown?

April 1, 2022 The March employment report indicates that the economy continued to expand at a moderate pace in March.  GDP growth in the first quarter was hit early by COVID difficulties and later by the outbreak of war.  But yet jobs climbed by 431 thousand in March...

Get Serious!

March 18, 2022 The press described last week’s Fed’s tightening initiative as the most aggressive in years – which is true.  But the Fed has dug itself into such a deep hole that the actions it outlined will not be nearly enough to shrink inflation to the 2.0% mark. ...