Writing in the early days after Omicron’s emergence, Lyric Hughes Hale, editor-in-chief of EconVue and host of the Hale Report podcast, considered COVID and China’s Covid response and its shift toward isolationism. She mulled whether China is merely deferring the inevitable spread of…

The intro to the credit commentary we wrote last quarter could be put right here, with Omicron inserted in place of Delta – the latter variant had threatened our recove

My colleague Bob Eisenbeis has written about the forthcoming Federal Reserve appointments and about the FDIC and how important these positions are to the financial community of the United States and the rest of the world. Here’s his discussion:  https://www.cumber.com/market-commentary…

Seldom, if ever, has a president had the opportunity in the first year of a term to make so many appointments that may significantly impact the direction of monetary and financial regulatory policy.

As we enter 2022, and as we are about to start the “earnings season” with reports of the Q4 and full year of 2021, we also continue to examine the “statistical discrepancy” between the estimates of GDP (gross domestic product) and GDI (gross domestic income).

“To grandmother’s house we go,” says the song. In the US, airports bustled (when flights not canceled) over the holidays. Families gathered. Some heeded the Omicron warning, some not. ’Twas the season. Now we are watching Omicron cases surge.  

The Treasury curve flattened during the fourth quarter of 2021, with short-term Treasury yields rising precipitously while longer Treasury yields were slightly lower.

Readers have asked us about boosters.   We know that the mRNA COVID vaccine boosters help reduce the severity of disease caused by Omicron and Delta and other variants, known or unknown. The boosters don’t keep us from infection, but they do keep most people who have received…

With the end of the year in sight, there are several themes in play for bonds.

Many of our readers are familiar with the work of Bob Bunting, CEO of the Climate Adaptation Center, who has warned us of the growing impacts of climate change on everything from hurricanes to red tide to wildfires and drought. In his guest commentary today, Bob leads us into a deeper…