Same Same, but Different Different This week’s big news story was, yet again, about inflation. January headline CPI came in above expectations but slightly below December. Meanwhile the month-over-month numbers were bang-on expectations. In my […]
The Future Is Further Away Recently in a CNBC interview, I admitted what I’ve gotten wrong so far in 2023 is that I thought it would be more obvious by now that an economic contraction […]
Close, But No Cigar In its first statement of 2023, the Federal Reserve raised its target policy rate by 25 basis points (bps) to an upper bound of 4.75%. This move was again widely anticipated […]
Walks Like a Duck, Quacks Like a Duck In recent weeks, due in large part to a market rally that kicked off the year, the idea of a “soft landing” has grown in popularity. […]
Much Ado About China Although China is rarely noticeably absent from headlines, its return to being top of mind has been feverishly fierce in recent weeks. And although Shakespeare has nothing to do with […]