Now that Jay Powell & Co. have given up the pretense of a soft landing for the U.S. economy, risk markets are busy facing the harsh...

Inflation is not dead, it's just late to the party. Today's 'miss' on the CPI is further evidence that the price stability we are seeking...

I apologize in advance for the lack of conviction in this week's post but sometimes it just feels like it doesn't much matter what I say...

The Fed has seemingly gone from 'the gang that couldn't shoot straight' to being American Snipers. After Chairman Jerome Powell's...

This past weekend, I visited my friend and ex-partner at his summer home. The highlight was a wonderful bike ride along the shoreline of...

The 2022 NOAA hurricane forecast issued earlier this year gave a dire prediction of higher than average named storms for the season. So...

In his famous 1935 debate with Albert Einstein, Austrian physicist Erwin Schrödinger, in an effort to demonstrate the paradox of quantum...

A warm summer breeze has blown through our battered risk markets lately. And like those gentle zephyrs, it has been a welcome relief. But...

As record heatwaves ravage the Eurozone, the ECB is similarly turning up the heat - on the European economy. The monetary managers of the...

Success! The Fed is done - even if they don't realize it. Inflation expectations, and with them long rates, have peaked and are in full...