Democrats Sweep Georgia Senatorial Races and a Crazy Day at the Capitol… Democrats won both senate runoffs in Georgia and protesters stormed the U.S. Capitol as the Senate counted electoral votes, ...
Week In Review – January 4 2021
We wish you a Happy New Year. There are many unresolved issues within our society along with the virus… Even some television anchors have admitted to bouts of depression and seeking ...
Week In Review – December 29 2020
Trump Threatens To Veto Stimulus Bill… Congress took almost six months to develop and agree to a new round of stimulus spending. President Trump put it in jeopardy in four minutes. What it means— ...
Week In Review – December 21 2020
Initial Jobless Claims Jump Again, From 862,000 to 885,000… Initial jobless claims moved the wrong direction again, missing forecasts of a 44,000 drop and instead rising by 23,000. What it means— ...
Week In Review – December 14 2020
Initial Jobless Claims Jump, Up 137,000 to 853,000… Initial jobless claims were expected to remain almost unchanged, increasing from 716,000 to 720,000. Instead, they shot up by more than ...
Week In Review – December 7 2020
The U.S. Economy Added 245,000 Jobs in November, Just Over Half of the Expected 432,000… The unemployment rate dipped from 6.9% to 6.7%. What it means— The slightly lower unemployment rate had more ...
The Year End Crunch
Last week, vaccine optimism immunized investors against signs of economic weakness. Narrative economics holds that popular stories may affect individual and collective economic behavior. Last week, ...
Week In Review – November 30 2020
Biden Selects Yellen for Treasury, Markets Soar… Investors cheered not only the third potential vaccine for COVID-19, but also Biden’s pick for Treasury Secretary, ex-Federal Reserve Chair Janet ...
A Thanksgiving Greeting
When we were young, Thanksgiving was simple. It was a day off from school, or from work. A day for watching football, or for eating as much turkey and pie as we could manage. As we’ve gotten older, ...
Dow 30K: Yellin’ for Yellen
The market likes President-Elect Joe Biden’s selection of Janet Yellen to serve as Treasury Secretary. Many Wall Streeters feared that Biden would appoint Elizabeth Warren, while many progressives ...