On the rebound!

November 1, 2019 Occasionally, a single piece of information can alter the economic outlook.  As has been the case fairly often in the past, the catalyst is the employment report.  That was certainly true this time with the payroll employment data for October. ...

The Forgotten 70%

September 6, 2019 The consensus view is that the tariffs imposed by President Trump have increased the risk of recession in 2020.  Even the Federal Reserve seems to buy into that scenario.  We continue to disagree with that conclusion for two reasons.  First, reduced...