Are Households Really “Flush”?
Executive Summary A recent article in The Wall Street Journal claimed consumers were “in good shape.” The fact missing from the article [...]
Is the Correction in Housing Just Beginning?
Executive Summary Soaring mortgage interest rates and falling personal disposable incomes are putting pressure on the housing market. When mortgage rates bottomed [...]
If Q3 GDP Growth is Positive, is a Recession Still Expected?
Executive Summary During the first two quarters of 2022, GDP growth was negative. The unofficial definition of a recession. Third quarter GDP [...]
How Likely is Hyperinflation?
Executive Summary In this issue, I draw upon an article published on Mises Institute, by Thorsten Polleit titled: Inflation, High Inflation, Hyperinflation. [...]
Are Earnings Expectations Too High?
Executive Summary S&P Global website is showing third quarter earnings falling 2.7% year over year. Due to the following reasons, the potential [...]
Is There Further to Go?
Executive Summary The Fed raised the Federal Funds Rate again last week by 0.75% in the fight against inflation. In the second [...]
Is the End Game Getting Nearer?
Executive Summary U.S. Federal debt outstanding totals about $31 trillion. From 2018-2021 (4 years) the debt grew as much as it did [...]
What is the Impact of Inflation?
Executive Summary One Federal Reserve goal is maintaining an average of 2% inflation, which from around 2012 until the pandemic was a [...]
Are Projected Corporate Earnings Overstated?
Executive Summary One indicator for determining stock market valuation is the Price-to-Earnings ratio (P/E). In this missive, I explain how the math [...]