Resources

Is the Economy Slowing?
Executive Summary The current real GDP estimate from the Atlanta Fed’s GDPNow model for first quarter 2022 is 0.6%, which is a [...]
Has Multiple Expansion Turned into Multiple Contraction?
Executive Summary Multiple expansion means investors pay more per dollar of corporate earnings for a share of stock. The opposite would be [...]
Is the Fed Behind the Curve?
Executive Summary The Federal Reserve Bank (Fed) has two mandates: maximum employment and stable prices. However, their addition of a third unwritten [...]
Will the Potemkin Village Be Revealed?
Executive Summary Last week U.S. Federal debt surpassed $30 trillion! While notable, the more alarming fact is the rate of change since [...]
Has a New Bear Market Begun?
Executive Summary For the month-to-date period ending January 24, 2022, the stock market indices have retreated from their highs while the Vix [...]
What is the Fed’s Dilemma?
Executive Summary In 2008 to combat the Great Recession, the Fed instituted a new program called Quantitative Easing (QE) in which they [...]

