CCC spreads are now significantly higher than the pre-Covid December 31, 2019, level. This widening spread suggests that the Fed’s policy of tightening by raising rates while shrinking its balance sheet is starting to tighten financial conditions.  

My friends Philippa Dunne and Doug Henwood of TLRanalytics had the following observation about the GDP-versus-GDI debate: “Some argue that GDI is better in a creative economy, which seems to imply nothing is created!”

Chairman Powell kicked off the Kansas City Fed’s annual Jackson Hole symposium on Friday and sent a strong, clear message.

Readers, as promised, we have a longer video featuring Francis Suarez, Mayor of Miami. If you are intrigued by what is involved in leading a fast-growing gateway city that has become an international hub for business and finance, you will want to watch Mayor Suarez’s fireside chat from week two…

My friend and fellow Sarasotan Alejandra Grindal, Chief Economist at Ned Davis Research, was a first-time guest at Camp Kotok this year. This was her first time fishing, too, by the way, and she did well. But that’s her fish story to tell.

The rally in financial markets the past few weeks was rooted in the widely publicized beliefs that inflation had peaked and that the Fed would, in response, start cutting rates next year as inflation declined.

The fifth program in the Ukraine: What’s Next? series was held at USF Sarasota-Manatee on Wednesday, June 8, 2022. Part 5, focused on disinformation, is titled “Hearts and Minds.”  

Dear Readers, have you wondered what it is like to be the mayor of an international gateway city in these unusual and politically fraught times? Francis Suarez, the Mayor of Miami, was my special guest at Leen’s Lodge in Maine. He agreed to a short interview with me at lunch on Long Lake near…

We thank Jake Hanley and his company colleagues at Teucrium for permission to share this excellent commentary with our readers. Teucrium (https://teucrium.com) is in the ETF business and specializes in grains.