eNewsletter

Another Broken Window

June 8, 2023 It’s called the Fallacy of the Broken Window. It was first put forth by a 19th century economist named Fredric Bastiat.  The main thesis of his argument was that going to war and blowing stuff up doesn’t create economic growth.  Here’s the gist…  A young boy breaks a business owner’s shop window. …

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Show’s Over!

June 6, 2023 It was a real nail biter…  Came right down to the wire…  An eleventh hour save… There’s another saying that I’m sure is hanging as a motivational poster in the Congress cafeteria somewhere… Throw out whatever cliches you want but… Disaster averted. In a battle that was marked out since the beginning …

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Employment Games

May 16, 2023 Winning! Jay Powell likes to keep talking about that when he’s trying to explain that the economy isn’t headed for the big belly landing. Here’s what he said in his latest FOMC statement: The labor market remains very tight. Over the first three months of the year, job gains averaged 345 thousand …

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Welcome to 2008 – 2.0

May 11, 2023 Last week at the FOMC press conference, Jerome Powell stepped up to the mic and addressed, among other things, the current banking crisis. By now I’m sure you’ve read about the collapse of Silicon Valley Bank (SVB) (about $209 billion in assets) along with Signature Bank (roughly $110 billion) not to mention …

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