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The Economic Week Ahead: April 8 - 12
This week will feature some key inflation numbers. The March headline CPI (Wed) and PPI (Mar) will get a boost…
Fiscal Policy
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Fairy Godmother Of The Bond Market
When Janet Yellen was Fed chair from 2014 to 2018, we often referred to her as the “Fairy Godmother of…
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S&P 500 Earnings At Record High
Yippee! S&P 500 operating earnings per share rose to a record high in Q3, for the first time…
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Stock Prices Are Jumping Again
After the stock market closed on Friday, Moody’s reduced the US government's credit rating from “stable” to…
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The Economic Week Ahead: October 9-13
This is a big week for two big issues troubling the bond market, namely inflation and the US federal budget…
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Uncle Sam Downgrade Raises Caution Flag
In yesterday's QT, we noted that the 10-year Treasury bond yield was back just over 4.00% and…
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In Government We Trust
Over the past 12 months through January, the federal budget deficit totaled "only" $1.6 trillion. That'…
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Federal Net Interest Outlays: Time to Worry?
The latest federal budget data were released last week. Over the past 12 months through December, the deficit was $1.…
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Is Gridlock In Washington Bullish for Stocks?
It is widely believed that political gridlock is bullish for stocks in the US. The market is happiest when our…
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Inflation Boosting Tax Receipts
It’s good to be the King! You can spend lots of money by printing it. If you still have a fiscal deficit, the resulting inflation can help to narrow it by boosting tax receipts. Here in the US:…
