Looking Backwards … LB #1 This week was a firehose of financial news. The Fed meeting resulted in the Fed leaving interest rates alone, but Jerome Powell said that a March rate cut was probably off the table. Treasuries were strong early in the week after seeing the Treasury refunding announcement, more on that in …
This is called the Wendy Peffercorn allegory- There was a movie set in 1962 Los Angeles about a group of young kids playing neighborhood baseball called the Sandlot. This movie captured the innocence of childhood, how great baseball used to be before the analytics made it a bore, and it taught us the power of …
Looking Backwards … LB #1 I usually find politics distasteful, I think it is a bought and paid for sordid business, but sometimes it just leaps out and demands your attention and this is one of those weeks. There are some very courageous people who are pushing back against their federal governments and the institutional …
The NBER, National Bureau of Economic Research Business Cycle Dating Committee, dating committee? is the official organization that calls recessions and here is how they define recessions “A recession involves a significant decline in economic activity that is spread across the economy and lasts more than a few months.” The definition used to be 2 …
Looking Backwards … LB #1 The rally from the end of last year was back this week, or at least at the end of this week. The S&P 500 powered to a new record and it was driven by the magnificent 7 less Tesla, more on them in a minute. The people are continuing to …
“Do you know, one of the great problems of our age is that we are governed by people who care more about feelings than they do about thoughts and ideas. “ Margaret Thatcher in The Iron Lady I was flipping through the Forbes magazine recently and I came across an article that I want to …
Looking Backwards … LB #1 We begin today with a massively important article written by Randall Forsyth in Barron’s. He is discussing that the treasury market reversal helped fuel the boom in stocks and bonds in the last two months, but he writes don’t expect it to continue. “The Treasury market now is 14% bigger …
We often talk high finance or economics or even look into the activities or habits of people that we think we can learn from but today I would like to veer from the straight and narrow to discuss something that I didn’t expect needing to talk about- safety. I can’t believe that we have to …
Looking Backwards … LB #1 We start today with an article by Alexander Kaufman over at Huffpost.com. Nuscale Power is one of the latest new energy startups that is struggling. This has been a recurring theme for us here at the C Thomas Printer Cooperative, but this is actually a technology that could be a …
Welcome to 2024! Today is our second annual forecast where I say things that will not happen in the future. This is a very popular tradition this time of year amongst sports bettors, market analysts, economists, and astrologers. Oh boy, I think I just lost our Capricorn crowd, but we must push on. In preparation …