Since penning Part 1 and 2 (Twitter thread) in early April on the risk of recession this year, the chances of a hard landing vs. the Fed’s sanguine soft-landing narrative morphed into “we have a good chance of a softish landing” when Jay Powell delivered the FOMC’s...
One of the first signals that indicate a recession may be on the horizon is consumer sentiment. It’s worth repeating that roughly 70% of U.S. gross domestic product (GDP) is determined by personal consumption, and that factor dominates its performance. Today’s GDPNow...
After penning “Put the Cuckoos Back in the Clocks” five months ago and starting a crime wave thread on Twitter, I am not surprised that a prevalent disregard for law and order has devolved into military-style precision “smash and grab” mobs looting high-end retail...
While the general public remains fixated on the political left-right paradigm, the vast majority are ignoring signs of the growing failure of the so-called economic recovery. The mainstream media touts the multi-year, record low unemployment rate, as well as strong...
It’s the question that’s dogging the markets — if America is now great again, as President Trump often states (or tweets), why does the retail industry continue to decline? When then-candidate Donald Trump took home an unprecedented election victory...