eNewsletter

Connecting the Dots

May 4, 2023 Last week the Fed got to review their pet inflation numbers… the Personal Consumption Expenditure Price Index (PCE). The reports weren’t terrible. But they weren’t great either.  The main number showed prices increased 4.2% year over year. That was down from a revised 5.1% increase the previous month. Things are moving in …

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Why Your Bank is Broke

April 27, 2023 “Your money’s not here… Your money is in Joe’s house, right next to yours. And in the Kennedy house, and Mrs. Macklin’s house, and a hundred others… and they’re gonna pay you back as best they can…”– George Bailey, It’s a Wonderful Life It was a simple lesson that old George explained …

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Janet Yellen’s SI Curse

April 13, 2023 It may be an urban legend, but it does have a notable batting average… In April 1987 the cover of Sports Illustrated featured Cleveland Indians with the headline “Indian Uprising.” The Tribe ended the season with baseball’s worst record. In January 2010, quarterbacks Brett Favre and Mark Sanchez both made the covers …

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The Great Saudi Oil Snub

April 11, 2023 Chairman Powell has to be agitated. Just when he (probably) thought (because who knows what he’s really thinking) “inflation’s finally coming down, now we can start to sneak a little more QE back in to smooth over the cracks in the financial system the latest banking crisis just left…”  this happens. Saudi …

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