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The Fog is Starting to Clear

Questions about the direction of the economy, path of interest rates, impact of technological advances, political leadership, government policy, international relations and trade, and consumer ...
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The Interest Rate Cut Mirage

For many months now, the prospect of lower interest rates has been shimmering like a mirage on the economic highway. And as mirages work, the ...
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Waiting for the breadth to rise

Inflationary trends are receding, the economy remains resilient, and interest rates are expected to decline later this year. Historically, these “Goldilocks” conditions have been ideal ...
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Higher for [not much] longer

Volatility in a capital market setting is a characteristic traditionally associated with the equity market. In contrast, bond market volatility has historically been benign. This ...
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It’s a Marathon Not a Sprint

As 2023 dawned, the consensus of economist forecasts pointed to an elevated risk of recession sometime during the year. After all, central bank interest rates ...
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Move Fast and Break Things

Mark Zuckerberg, founder, and CEO of Facebook, coined the phrase “move fast and break things” and made it a rally call to his employees to ...
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