President Trump announced last week that certain food products and some other goods will now be exempt from his "reciprocal"* tariffs. Some of these goods are things that we can't produce here in the US, like bananas and coffee, but others are products that, for various reasons, happen to be in short supply, like beef. President Trump said these actions [...]
There wasn't a lot of economic news last week but it was largely as expected and seemed pretty good. Job openings rose, there was no rise in jobless claims even after the large layoffs in the government sector, and the inflation reports were better than expected. What's not to like? We didn't get any big moves in bonds or currencies [...]
What is the state of the US economy? When will this long-anticipated recession finally arrive? And when it does, what does it mean for investors? Those are the questions everyone is asking and the answers are, well, hard. Despite years - decades, centuries? - of research, there is no accurate way I know of to predict the timing or depth [...]
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