The cost of money drives everything. It ultimately determines the price of your home mortgage and that complex inverted lease funding your next solar project. It can accelerate growth and employment on to the Rocketship Inflation or crush them into dust. These are unassailable facts. What is not so clear is where those rates are going under President Trump’s […]
Category: Interest Rates
Forecasting the Economy v. Ski Season
I live in Colorado and ski season accounts for $4.8 billion of our state’s annual economy. It supports more than 46,000 year-round jobs and generates $1.9 billion in labor income so it’s darned important to us – including my aging knees that have been skiing since I was a kid. So, when I get it in […]
Will it be a Crash Landing or a Greaser?
Many of you know I’m a recreational pilot proudly holding a license since 1979 and with the emphasis on “recreational”, I fly on severe clear days: No clouds for me! Now the joke in flying is any landing you walk away from is a good landing…and I disagree: I’ve always worked hard to let the wheels of my Piper […]
Not My Bank
For those of you who remember, Bailey Savings & Loan might have gotten a lousy credit rating in today’s world causing a run on the bank due to Uncle Billy misplacing $8,000. On August 7th, Moody’s downgraded[i] the following banks and you can see what happened to their stock: Now in and of itself, that’s not a […]
The Dog Days of Summer
The internet is full of myth and mystery – fact and fiction so you need to take your own grain of salt to this origin to “The Dog Days of Summer”: Ancient Greeks noticed that Sirus—which they dubbed the “dog star” as it is the brightest star in the constellation Canis Major—appears to rise alongside the […]
Calculating Interest Rates: #2 of 4: The Muni OBJ
There are few higher profile topics in todays’ news than interest rates: We’re reminded of the tremendous global impact Paul Volcker had from 1979 thru 1987; we learn even more about the Federal Reserve and their influence on our lives since Federal Reserve Chair Powell is following that same playbook working to rein in inflation; […]