…just went down – again. Yup, it’s unanimous that S&P, Fitch and now Moody’s have downgraded US debt. The effect is no different than your FICO score – your cost of borrowing goes up and you have fewer lenders willing to finance your house or car and give you a credit card and the same will happen […]
Yup, May is definitely shaping up to be full of spirit – whether it’s spirit as in a spirited set of circumstances for us all to do business or spirits as in the ghosts of economies past that may come to haunt us. Heck, maybe it’s the spirits we might need to quaff to get […]
…something new every day. Golly, it’s only mid-month with the 10 Year T moving from 4.01% to a 4.48% in two weeks – yup, a movement of nearly 12%. Then $3,263 for an ounce of gold that cost $43.05 in 1971 when President Nixon uncoupled from the gold standard…and if you invested $10,000 in gold in 1971 […]
I am an economist by education and that means I can point lots of directions simultaneously. Candidly, they call it “the dismal science” for a simple reason: The term “the dismal science” is based on the pessimistic predictions of Thomas Malthus, (granted 1834 is a long time ago), who believed that population growth would always outpace food […]
Welcome to 2025 and we hope you and your community are off to a great start. Change is good – it keeps us sharp and on our toes and new ideas can often lead to new successes at home and the office and we hope that’s true for you! My regular readers, for whom I am […]
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 […]
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 […]
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 […]
George Soros once said “Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.” and there are few things in life more uncertain than an election. George went to the London School of Economics, a nice pedigree and it’s widely known the wealthiest […]
