Week Ending March 18th, 2022
Inflation remained at a 40-year high… What is it called if you keep doing the same thing over and over and expecting different results?
Week Ending June 18th, 2021 Inflation is transitory… And Modern Monetary Theory (MMT) will save Zimbabwe. What does it mean – All the printing in the world will not save Zimbabwe or any other country with its own currency. I have a $Trillion dollar note from Zimbabwe that is not worth the paper it is […]
Federal Reserve’s Labor Market Conditions Index (LMCI) Drops to Lowest Level Since May 2009… The experimental data series was revised lower in April as well, from minus 0.9 to negative 3.4, which is the second-lowest reading since the crash. What it means – The Fed developed the LMCI, a composite of 19 separate indicators, to […]
April New Home Sales Rocket Higher, Up 16.6% Over March… The worry over new home sales in March appears misguided. In addition to an unexpected jump in sales last month, the median sale price also jumped 7.8% to $321,000. What it means– In March, new home sales, permits, and existing home sales posted disappointing results. But the residential real estate […]
Federal Reserve Leaves Rates Unchanged… The central bank left short-term rates at zero, but specifically mentioned in their press release that they could raise rates as soon as December. What it means – The Fed reminds of Wimpy from the cartoon Popeye. Wimpy is famous for saying, ” I will gladly pay you Tuesday for a […]