Recent declines in US government bond yields have led to a flood of articles discussing the likelihood of a US recession over the next 12-18 months. This is understandable, first given the relatively strong correlation between yield curve inversions and US recessions in the past and second, the extraordinary length of the current US economic […]
“I am an innocent man,’ Billy Joel bellowed on his song of that name. “Oh yes, I am.” “Love your music!” Donald Trump tweeted in 2016 after the Bronx piano-tickler had dedicated performances of his 1974 tune ‘The Entertainer’ to the showman from Queens. Trump is an innocent man. Oh yes, he is. Robert Mueller […]
Tariffs might be politically controversial. But their inadvisability is one of the few things that practically every economist can agree on. Unfortunately, the exceptional economist who proves the rule is Peter Navarro, who happens to be one of Donald Trump’s trade advisers. As Robert Colvile has explained on these pages, Navarro blend of jingoism and economic […]
The Physical Market Cycle Analysis of 5 Property Types in 54 Metropolitan Statistical Areas (MSAs). The 2018 economic expansion continued at a moderate pace with a slightly higher GDP growth rate than the past five years. Employment growth continued to increase at an average 200,000+ job increase per month. The Federal Reserve recently put their […]
These last six months have been full of terrific opportunities for this travelling academic to feed her real estate addiction. First up was a trip home to Madison for the Wisconsin Real Estate Alumni Association. Since I hold three degrees from UW Madison, this reunion (held every two years) is always a special one for […]
FOMC Minutes — 2 PM Wednesday Fed Monetary Policy Report — 11 AM Friday 2019 U.S. Monetary Policy Forum, New York, NY: Fed Vice Chair Clarida, 12 PM Friday, “The Federal Reserve’s Review of Monetary Policy Strategies, Tools, and Communications,” and Fed Vice Chair Quarles, 1:30 PM Friday, “The Future of the Federal Reserve’s Balance […]
The latest from our Washington DC insider: Humphrey-Hawkins hearings announced. Fed Chair Jerome Powell will deliver his semiannual monetary policy report to the Senate Banking Committee at 10 AM, Tuesday, February 26th and to House Financial Services Committee at 10 AM, Wednesday, February 27th. I will forward transcripts as soon as they become available.President Trump’s schedule (EST):12:45 […]
The latest updates from our Washington DC insider President Trump’s schedule (EST): 8:00 AM: Speaks at the 2019 National Prayer Breakfast; 11:45 AM: Daily intelligence briefing; 12:45 PM: Lunch with Secretary of State Pompeo; and 1:45 PM: Signs a Memorandum to Launch the “Women’s Global Development and Prosperity” Initiative. Next Monday, President Trump will […]
“Trump Threatens to Bust Border Deal as Shutdown Deadline Nears.” This morning’s Bloomberg article leads with: Congress has only a few days left to come up with an agreement on border security spending to prevent a government shutdown and may yet see the process upended once President Donald Trump delivers his State of the Union […]
Civil unrest in Venezuela has dominated headlines over the last few weeks. The Venezuelan people are protesting against the continued autocratic rule of President Nicolas Maduro. Following his sham re-election last May, during which he prevented leading opposition parties from fairly competing, most Western governments have refused to recognise Maduro’s legitimacy. But as Maduro ignores these protests […]
