Has UBI Arrived?

2021-05-18T14:45:55+00:00May 18th, 2021|Categories: INVESTMENT|

Executive Summary Since the pandemic took charge of the economy, several stimulus plans have been enacted by Congress.  Each round produced a short-term economic sugar boost before settling down to zero percent growth (see first graph).  The stimulus created more Federal debt.  Although Federal debt has been [...]

Are Inflationary Pressures Transitory?

2021-05-11T17:24:55+00:00May 11th, 2021|Categories: INVESTMENT|

Executive SummaryInflation has different meanings to different people and can show up in different forms.  Some insist inflation is strictly a matter of the Money Supply.  Others believe it has to do with the prices of goods and services.  Some believe the most important factor is wage growth.  [...]

Is the Fed Really Juicing the Stock Market?

2021-05-04T20:38:01+00:00May 4th, 2021|Categories: INVESTMENT|

Executive Summary The Federal Reserve Bank (Fed) has been implementing QE (Quantitative Easing) on and off for over a decade.  In implementing QE, the Fed purchases Treasury securities and Agency mortgage-backed securities (MBS) – not stocks.  Many believe the Fed is “printing money” when purchasing those bonds.  [...]