by Evan McGoff | Feb 17, 2023 | General
Ed Yardeni’s “No Landing” Scenario Over the last several months, we’ve written a few letters about the resilience of the economy, despite the many concerns about a recession – “No Recession in Discretionary Spending” and “Recession Watch”. Here’s a quick update: The...
by Evan McGoff | Dec 1, 2022 | General
Tech is always in its own world Several large tech companies have been making headlines about layoffs. They’ve used lots of scary language about recessions and upcoming weakness. Meanwhile, jobless claims and employment figures for the economy as a whole do not show...
by Evan McGoff | Nov 8, 2022 | General
Pictures tell the story best Inflation is the number one topic on the minds of nearly everyone right now. The prevailing idea is that the Federal Reserve is the cause of and the solution to inflation. The reasoning goes something like this: in response to the...
by Evan McGoff | Sep 22, 2022 | General
Despite increasing global concerns Inflation erodes consumers’ purchasing power. But the most recent data shows that consumers are still purchasing discretionary items that they would choose to cut if they were feeling constrained. There were two...
by Evan McGoff | Aug 11, 2022 | General
Cutting out the middleman We read a lot. But we’re selective about what we read. Starting about 7 years ago, I cut down my news consumption and started reading more from primary sources. For example, instead of reading an article about the GDP report—read the actual...
