Oct 9, 2024

To the outsider, American consumers must be a weird bunch. They will bemoan the cost of something insignificant, like a carton of eggs, while spending obscene amounts of money on concert tickets, sporting events and other types of activities. Undoubtedly, this change in consumer behavior will impact the economy moving...

Oct 3, 2024

Last week, The People’s Bank of China threw an unprecedented amount of stimuli on the Chinese banking system in order to spur the sluggish economy. The Chinese stock markets have soared in response. However, will it be enough? The Chinese economy and banking system are facing severe structural challenges which could...

Sep 26, 2024

In the United States, millions of people use some form of social media every second of every day. For many, it is their primary source of information. If so, just how accurate is it? Further, are they getting news from a number of different sources and voices? Or is it the same people saying the same thing over and...

Sep 19, 2024

After months of speculating when the Fed would cut the overnight rate, it finally did so this past Wednesday by 50 basis points. Further, Fed Chairman Jay Powell essentially said this was the first cut of potentially many, while reiterating the economy was still strong. So, what does this mean for the U.S. economy? What...

Sep 11, 2024

The Census Bureau recently reported the official Poverty Rate fell to 11.1% in 2023. Historically, this is a very low number. Further, median household income rose to an all-time high last year, and the current unemployment rate is a miserly 4.2%. Washington tells us the Consumer Price Index is a very manageable 2.5%,...