Fierce forces at work on interest rates … or are we just seeing a mild adjustment? There is no way to know. We are referring to US Treasury interest rates on bills, notes, and bonds. Some bullets follow. 1. It is clear that the newly installed leadership of the Federal Reserve want to raise short-term […]
We have now confirmed a bipartisan congressional panel for the February 22 “Cuba and the Caribbean: What Now?” event. Florida Congressman Carlos Curbelo, whose district includes the Keys, which bore the direct hurricane hit, is joined by Virgin Islands Congresswoman Stacey Plaskett. The moderator of this session is Ben White, journalist from Politico and CNBC […]
Don Rissmiller is a Camp Kotok fishing pal, the new chair of the Global Interdependence Center, and a senior personality at Strategas. He is also one very thoughtful economist. In his Weekly Economics Summary published last week, Don sets forth a serious analysis of inflation and the Fed’s 2% target. He outlines his arguments succinctly. And he […]
Strategas Research has compiled the year-to-date (through January 25) returns of major global equity markets. They point to Hong Kong and Brazil as the leaders, with returns YTD of around 10%. Of the others in the largest 20 markets, only two, Australia and the UK, were slightly negative. For reference, the United States was about […]
“In the long run we are all dead” was John Maynard Keynes’ famous criticism of economic models. The rest of the quote goes, “Economists set themselves too easy, too useless a task, if in tempestuous seasons they can only tell us, that when the storm is long past, the ocean is flat again.” We thank […]
Dear Readers, We had the wonderful opportunity to present the Heldring Award to Boston Fed president Eric Rosengren at the GIC meeting in San Diego, held on Friday, January 12, at the Rady School of Management. This is GIC’s second year in San Diego but the first time in partnership with Rady, which provided a […]
Reports are that John Williams, president of the Federal Reserve Bank of San Francisco, has been targeted as a potential candidate for Fed vice chairman. President Williams is scheduled to vote as one of the five sitting reserve bank presidents on the FOMC in 2018. What would his appointment mean as far as the Fed […]
Next week the World Economic Forum (WEF) will host its 48th annual meeting in Davos, Switzerland, drawing together a large number of leaders from governments (including President Trump), international organizations, business, academia, and civil society. The title for this year’s meeting is “Creating a Shared Future in a Fractured World.” This global networking event will generate […]
The US stock market had a marvelous year in 2017. The major benchmark S&P 500 returned 21.60% including dividends. But savvy investors probably noticed that there were some significant discrepancies among the major indexes: If you chose the tech-heavy NASDAQ composite, you would have made 29.58% last year, while if you invested in the small-cap […]
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