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 …
Looking Backwards … LB #1 The first thing to do is to make note of an error that I have been making repeatedly. I wrote a piece about the B&B boys- Biden and Blinken, and I misspelled Antony Blinken’s name throughout. Antony doesn’t have an H. Errors must be quickly noted when made and not …
I apologize about the double header, but it is the holiday week and I know none of you are actually doing any work anyway so you have plenty of time to listen to our conclusion to the mystery of the magical Christmas rally of 2023. “China has its route to Europe on the Silk Road …
Much like a rerun of Baywatch, I got a little cheeky last week discussing Old Man River Joe Biden. Do we really think that he hoodwinked the world and whipped inflation, lowered interest rates, found a buyer for the bond markets, cured cancer, and won Dancing with the Stars all while showing the Saudi Crown …