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Insights

The Dismal Employment Report

Date Posted: January 18, 2017
The Job Report Economists projected that September would show a gain of about 200,000 payroll jobs. Instead, the Bureau of Labor Statistics (B.L.S.) released an employment report showing a (pick your word) dismal, grim, or terrible – all used in various headlines – gain of only 142,000 jobs . And of that total gain, the private economy generated…

China And The Global Market Meltdown

Date Posted: January 18, 2017
The Morning After – The Market Hangover These comments are being written the morning after the Dow Jones index declined over 500 points or a loss of 3.1% for the day. At the same time, the Standard & Poor ’s 500 stock index fell 3.2%. Investment observers placed much of the blame on a potential economic slowdown in China and the Asian emergi…

Trump, Fiscal Policy, And the Yield Curve

Date Posted: January 17, 2017
Trump Fiscal Policy President Trump, working with a Republican House and Senate, should see fairly rapid progress for two major areas of his platform—tax reform and infrastructure spending. Tax reform will likely show a more immediate stimulus to the economy while the economic boost from infrastructure spending would not likely show up for some …

What About Long-Term Interest Rates?

Date Posted: September 5, 2015
The President’s Council of Economic Advisers (C.E.A.) recently published a study, “Long-Term Interest Rates: A Survey,” which examined the extended decline in long-term U.S. interest rates. We thought it of importance to review its conclusions, particularly in light of the changing global economic forces. Those forces could begin to reverse the …