Does Larry Kudlow Have it Wrong?

2020-06-09T15:26:24+00:00May 27th, 2020|Categories: INVESTMENT|

Executive Summary Prior to becoming the Director of the U.S. National Economic Council, Larry Kudlow hosted a financial program on CNBC where he frequently touted, “Profits are the mother’s milk of stocks.” The recent rally in stock prices pushed stock valuations to extremes last seen in February [...]

How Likely Are Negative Interest Rates?

2020-06-09T15:27:36+00:00May 12th, 2020|Categories: INVESTMENT|

Executive Summary The Federal Reserve Bank controls the very short-term Federal Funds Rate; however, longer-term interest rates tend to track economic growth.  In the second graph in The Details, one can visually see the correlation between economic growth and the yield on the 10-year Treasury Note.  And [...]