At The Equinox, Everything In Balance?

March 19, 2021

Tomorrow is the Vernal Equinox. Here in the Northern Hemisphere, the beginning of Spring. A time when everything is in balance: the sun crosses the horizon, nighttime and daytime are equal.   A time to celebrate the coming o…

We've Found The Epicenter Of Unemployment.

March 18, 2021

Each Thursday morning, promptly at 8:30 am eastern time, the US Department of Labor dutifully reports the latest numbers on initial and continuing claims for unemployment. This is an eagerly anticipated report coming out of …

Jerome Powell In A Tough Spot!

March 17, 2021

At 2:30 pm this afternoon, Jerome Powell will hold a press conference. It's all part of the regular meeting of the Federal Open Market Committee.   The FOMC meets 8 times a year, and this along with Powell's twin testimonie…

From Stimulus To Constraint, The Fastest Ever.

March 16, 2021

I have a mantra for you today. Just repeat this over and over, as we go through this discussion. “Today is history, tomorrow is now.”

The Fed And Bonds: Act 1.

March 15, 2021

This week the curtain will ring up on the latest drama, in the long history of Wall Street. This week we will see the Bond Market and The Federal Reserve, as the Fed's Open Market committee Meets to ostensibly set short-term…

Inflation: Wall Street's Number One Fear.

March 12, 2021

Yesterday President Joe Biden signed into law the new Economic Stimulus Plan. This is the third Economic Impact Package aimed at providing relief to all sectors of the economy, in an effort to mitigate the devastation brough…

An Anniversary To Remember.

March 11, 2021

I know, it seems much longer than 12 months.   But it was on this date, March 11th, just a year ago that the World Health Organization declared that we were in a Pandemic.   And like the bombing of Pearl Harbor, or 9/11, I…

The Latest Stimulus Package: An Accountant's Nightmare.

March 10, 2021

The latest 1.9 Trillion Dollar Stimulus Package is currently workings its way through Congress. Passed by both the House and Senate, the Package is currently going through the process of reconciling both versions, into one f…

Is ThePresidential Honeymoon Over?

March 9, 2021

Those first few days of a new Presidency are traditionally referred to as the “Honey Moon Period.” It is usually the time when the President and Congress are most closely aligned. As it is assumed that the American people ha…

Lock-Down Or Open Up? Five States Choose Different Directions.

March 8, 2021

Well, this is the biggest contrast in economic policy among the states, since income tax. It was the decision last week of Governor Greg Abbott of Texas to open up the economy of the state.   As you know a majority of the St…

China Highlights Strong Economy At NPC.

March 5, 2021

This weekend sets the stage for what will be the most important aspects of international trade and geopolitics for 2021.   It all began last night with the opening of the 2021 National People's Congress in China. This annual…

An Employment Recession Like No Other.

March 4, 2021

This morning, as happens each week, the Department of Labor once again delivered the latest numbers on initial claims for unemployment.   This is a sad tally of the number of people who lined up at their local State Employme…

Are We In A Stock Market Bubble?

March 3, 2021

“It's easy to recognize a Bubble,” an old trader once told me, “just wait for the crash that follows.”   Funny, he's right of course, but it's less than helpful when you're actually living through one.

How The Three Largest Economies Weathered 2020.

March 2, 2021

What a year 2020 was. Economically it was one of the most destructive years this country has ever lived through. We set a record for the worst economic decline in a quarter, ever. In that devastating 3rd quarter, our nation'…

Income, Income, Just What Is Our Income?

March 1, 2021

A few weeks ago we received a check for $600. If all goes well this week, we should receive another check for an estimated $1400. Did you earn that money. Well I certainly did not.   Both of these checks, assuming this weeks…

Markets Stumble At Nation's Abrupt Change of Direction.

Feb. 26, 2021

Well, It was political theater at its best. There sat the newly installed President Joe Biden, at presumably the Resolute Desk, and before him a stack of Executive Orders. E.O.'s were aimed at dramatically changing the natio…

Out Of Balance: The Story Of The US Economy.

Feb. 25, 2021

Today we have an economy that is equally as unbalanced as the one which headed into the Great Depression. Again this economy is driven by 3/4ers on one side of the production/consumption paradigm.   But this time it's the c…

Is This Anyway To Run A Recovery?

Feb. 24, 2021

This week we get a rare look at the three government sectors who are leading the Economic Recovery; The Federal Reserve, the Nation's Central Bank, the Congress, and all of the State and Local Governments.

What Do Democrats Have Against Small Businesses?

Feb. 23, 2021

So I read on. Anxious to learn about how this Democratic Proposal would support the part of the economy that I'm most familiar with. As a former small business owner, I know that it is this sector that represents the most jo…

Who Will Defend The US Dollar? Jerome Powell?

Feb. 22, 2021

Using the admittedly volatile forex markets we can see a trend emerging for the Dollar, at it is disturbing, to say the least.   The Dollar began the Pandemic trading between 98 and 100 on Forex. Today it trades at 90. That…

"Non-Essential" The Economic Death Sentence.

Feb. 19, 2021

This month marks the one-year anniversary of perhaps the Nation's most destructive economic policy...ever: The Designation of certain businesses as “Non-Essential.”

Supply Chain Disruption.

Feb. 18, 2021

As we watch Winter Storm Uri move up the East Coast: we're seeing yet another disruption in the nation's supply chain. That delicate, ever-moving combination of ships, trains trucks, and planes keeps our store shelves stocke…

It's Reliable v. Unreliable Electricity.

Feb. 17, 2021

Nature has a way of exposing man's folly. When I lived in California, it was often earthquakes that exposed the poorly constructed building. In Florida, it's hurricanes.   And this week it has been Winter Storm Uri...

Where's Bitcoin Headed? Ask JP Morgan.

Feb. 16, 2021

The big bank, JP Morgan Chase, may have a lot more to do with the future of Bitcoin that you'd imagine.