Executive Summary Many are looking at the recent surge in long-term Treasury yields as a sign that inflation is on the horizon. The yield has bounced back and forth in a channel for some time. Looking at the graph below, the recent bounce does not yet appear [...]

Executive Summary Policymakers in the government and the Federal Reserve put an emphasis on the message to the public that they have everything under control – even before the pandemic. By lowering interest rates and providing unprecedented government stimulus, they are flying blind in hopes of supporting [...]

Executive Summary Many Americans hope the COVID 19 vaccine will help return life to normal.  And as the title asks, what will be the economic normal?  The decade prior to 2006 produced average real economic growth of three percent or more; however, the past decade has averaged [...]

Executive Summary Last week the news reported David took on Goliath on Wall Street via GameStop stock.  The company GameStop has seen earnings fall for several years.  Recently those earnings have turned into net losses.  Large hedge funds (Goliath) recognizing the downtrend in their earnings have been [...]