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Executive Summary In a healthy economy, long-term interest rates are higher than short-term rates (see first graph). However, when short-term rates are [...]

Executive Summary This week I wanted to share a guest article from John Mauldin. This article is reflecting on the trends that [...]

Executive Summary Markets have been reacting significantly on every news headline regarding the Russian/Ukrainian war.  The sanctions and supply disruptions could last [...]

Executive Summary As discussed in previous newsletters, economic growth is slowing. The Atlanta Fed GDPNow model reduced the first quarter GDP growth [...]

Executive Summary The current real GDP estimate from the Atlanta Fed’s GDPNow model for first quarter 2022 is 0.6%, which is a [...]

Executive Summary Multiple expansion means investors pay more per dollar of corporate earnings for a share of stock. The opposite would be [...]

Executive Summary The Federal Reserve Bank (Fed) has two mandates: maximum employment and stable prices. However, their addition of a third unwritten [...]

Executive Summary Last week U.S. Federal debt surpassed $30 trillion! While notable, the more alarming fact is the rate of change since [...]

Executive Summary For the month-to-date period ending January 24, 2022, the stock market indices have retreated from their highs while the Vix [...]