Category: Economy

How Long Will High Inflation Last?

This is the third article I’ve written on this topic since inflation started spiking late last year. Currently we’re experiencing significant increases in the cost of gasoline, food, and other staples. And this is a world-wide phenomenon, not just in the U.S. With the media hyping the current level of inflation as the worst in…
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Why The Yield Curve Does Not Predict A Market Downturn

The U.S. Treasury bond yield curve is in the news again after briefly turning negative earlier this month. The financial media is trumpeting this event as an indicator that a recession will likely follow with a concomitant stock market decline. I suggest that this indicator is not useful in predicting either one. The yield curve…
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The Impact of War On Our Money

After living through one inconceivable event with worldwide repercussions (the COVID-19 pandemic), we now find ourselves facing another that was certainly on no one’s radar prior to 2022. How will Russia’s invasion of Ukraine impact the spending power of our dollars as well as the value of our savings in the capital markets? I had…
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How Big Has The US Wealth Disparity Become?

I came across some data from the Federal Reserve that compares the ownership of assets in the U.S. by wealth percentile (the top 1%, the next 10%, the next 40%, and the remaining 50%). To add some flavor we’ll name these cohorts the Elite, the Successful, the Middle Class, and the Working Poor. Here’s a…
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Will Future Recessions Become Shorter?

The recession that began in February 2020 as a result of the COVID pandemic officially ended in April 2020 according to the National Bureau of Economic Research (NBER), a private nonpartisan economic research organization. (From the vantage point of 2021 this should come as no surprise). That makes the two-month COVID recession the shortest in…
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You Can’t Have Rights Without Responsibilities

The U.S. is currently facing another surge in COVID cases, hospitalizations, and even deaths. Sadly, this is occurring while the country is awash in vaccines that have shown remarkable efficacy. I’m concerned that the proliferation of this virus could have a highly deleterious effect on our economy and our investment portfolios, not to mention our…
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