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Blog
Is the Stock Market Still Overvalued?
Executive Summary In this missive I share five charts of various valuation methodologies for the current stock market. The first is an [...]
How Serious is the Student Loan Crisis?
Executive Summary There are currently almost 43 million holders of student loans totaling $1.6 trillion (see first graph). Since the Covid relief [...]
Will the Ratings Agencies Catch up to Reality?
Executive Summary Last Friday Moody’s joined its peers in downgrading U.S. credit one level, from Aaa to Aa1. This came after Fitch [...]
Does Something Not Smell Right with the Jobs Report?
Executive Summary On Friday the BLS stated 177,000 new jobs were created in April, beating expectations. Digging into the data, the first [...]
Will Home Prices Fall Further?
Executive Summary Understanding residential real estate values vary by location, nationally home prices have begun to decrease. On a real, inflation-adjusted basis, [...]
Should the U.S. Return to Sound Money?
Executive Summary In 1971 President Nixon took the U.S. off of the gold standard. Since then, the U.S., like most countries, has [...]
Are Consumers Waving a Red Flag?
Executive Summary Consumers drive our economy, and the Consumer Sentiment Index is a measure of how consumers are feeling. The April 2025 [...]
Can the Stock Market Be “Oversold” and “Overvalued”?
Executive Summary With last week’s drastic market decline, many have heard financial pundits proclaim the stock market is “oversold.” Briefly, oversold is [...]
Is a Recession Next?
Executive Summary Estimates of growth for the first quarter of 2025 range from 0.3% to -2.8%. Consumer spending drives about 70% of [...]