

“Curiously enough, the only thing that went through the mind of the bowl of petunias as it fell was Oh no, not again.” In times of financial stress, the market tends to take on a momentum all of its own. We may be in for further shocks, instabilities...
Tariffs done, but what ripple effects follow next?

My take on the question, so you won’t have to wait
The debate was a joke, a cruel joke. Trump was the drunk in the corner saloon, sailing on vodka martinis, and Biden was a serious man attempting to frame an argument in response to unreality and in so doing he searched for the right words, as any normal person would,...
My take on the question, so you won’t have to wait

Letter from Washington
“U.S., China Close In on Trade Deal.” Sunday afternoon’s Wall Street Journal article led with: China and the U.S. are in the final stage of completing a trade deal, with Beijing offering to lower tariffs and other restrictions on American farm,...
Letter from Washington

Letter from Washington
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...
Letter from Washington

Letter from Washington
“Trump team weighs surprise tariff cut in hopes of securing China trade deal.” Last night’s Washington Post article led with: The Trump administration is considering eliminating tariffs on billions of dollars of Chinese imports to spur progress...
Letter from Washington