non-linear contraction

Even Less Inside Q3 GDP, Especially Where It Counts

By |2017-10-27T17:30:29-04:00October 27th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Inside the advance third quarter GDP report, the details in most of the important categories suggested slowing after two quarters consistent with “reflation” at least in its third try. If the economy swings between shallow downturns and often shallower upturns, these subcategories give us some insight as to why. Overall, growth remains at a level that is not growth, whether [...]

Strong Growth? Q3 GDP Only Shows How Weak 2017 Has Been

By |2017-10-27T12:11:11-04:00October 27th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Baseball Hall of Famer Frank Robinson also had a long career as a manager after his playing days were done. He once said in that latter capacity that you have to have a short memory as a closer. Simple wisdom where it’s true, all that matters for that style of pitching is the very next out. You can forget about [...]

The Real Euro Watch

By |2017-09-08T17:15:14-04:00September 8th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Everyone is now a euro watcher. The European common currency’s exchange value against the dollar has been on the rise, to put it mildly. Despite decades of declaring floating currencies the optimal framework, it really is quite entertaining to watch the furor when these things actually float one way or the other. This recent trend has been attributed to the [...]

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