Our monthly Economic Newsletter provides insightful views to help our clients make more informed financial decisions.
(Printable PDF) Recession Watch Enough is enough! The economy has demonstrated an astonishing amount of resiliency against the headwinds thrown at it over the past two years – Covid-19, both short and long, surging energy prices, spiraling interest rates, supply shortages, and, not least, stubbornly high inflation. Through it all,
(Printable PDF) Confusing Times As summer draws to a close, the debate over whether the economy is overheated or rapidly cooling remains unanswered. According to the broadest measure of activity conditions look downright recessionary, as GDP contracted for the second consecutive quarter in the April-June period, satisfying the common yardstick
(Printable PDF) Don’t Rule Out A Soft Landing In real estate, they say location is everything. In economics, timing is paramount. With prices rising at a pace not seen since the early 1980s, the Federal Reserve admittedly waited too long to start putting on the brakes, believing that the initial
(Printable PDF) For The Fed, Failure To Curb Inflation Is Not An Option Last year the main debate among economists was whether the inflation upsurge that suddenly gripped the nation was transitory or lasting. Most, including policymakers at the Federal Reserve, blamed transient forces related to the pandemic, which they
(Printable PDF) Fading But Still Sturdy Profits Should Sustain Growth Although the coronavirus recession ended two years ago and the U.S. economy embarked on a remarkably strong recovery, many commentators are sounding alarms that a recession is just around the corner. While we are not in that camp – yet
(Printable PDF) When Will Inflation Peak? It’s been a rough ride for investors as red ink has spilled profusely so far this year. The losses have been particularly acute in the bond market, which, ironically is usually the refuge for investors seeking safety and stability when conditions get dicey. Not
(Printable PDF) Here Come The Rate Hikes The Russian invasion of Ukraine is primarily a human tragedy, but the global economic costs can’t be ignored – and they are piling up. It’s unclear how long the war will go on; the longer it persists, the greater the toll on world
(Printable PDF) Tumultuous Start To The Year With barely two months in the books, it is hard to remember another year that opened with as much drama as 2022. The swirl of events included the surge and rapid descent of the Omicron variant, spiraling inflation, heart-throbbing geopolitical tensions with Russia,
(Printable PDF) Economy Faces a Winter Chill A winter economic soft patch has begun, as spiking Omicron cases exacerbate supply chain and labor market stress and fuel greater consumer and business caution. While the virus continues to be in the driver’s seat of the recovery, the early 2022 economic cool
Printable PDF Fear & Inflation Cast a Shadow Over 2022 It may not feel like it given the resurgence in Covid health concerns, elevated inflation, and heightened financial market volatility, but the U.S. economy is doing quite well heading into the new year. Unemployment is falling rapidly, people are shopping
Printable PDF A Christmas Wish: More Supply Please The clouds over the U.S. economy are dissipating as one of two key constraints on activity is fading. Thanks to an improving health situation amid ramped-up vaccination efforts, people are traveling again, going to concerts, and engaging in a host of social
Printable PDF It’s Not Stagflation, But It Sure Is “M.E.S.S.I” The U.S. economy is going through another rough patch, as supply shortages abound, workers are hard to find, and inflation is surging. Legislators are at loggerheads over the two major pieces of legislation that the White House is struggling to
